Benefits and Challenges of Globalization

#3 Which of the following has NOT helped create a global economy?

• The use of English as the official language of trade
• The use of cell phones as a way to easily communicate
• The use of the Internet for trade and management
• The use of personal computers for small business

#13 Which of the following has helped create a global economy in the present day?

• The use of high taxes for imports and exports
• Improvements in technology have made trade easier
• The creation of one form of currency (money) used to trade
• The success of the Communist governments in guiding trade

#6 What is globalization?

• The increased flow of trade, people, technology, and culture among countries.
• The decreased flow of trade, people, technology, and culture among countries.
• The creation of one global empire and government under a singular super power.
• The creation of a global cellar network to use phones internationally

Which of the following could be defined as a multinational company?

• A firm that owns shares in a foreign company but does not participate in the company's decision making.

• A UK based internet package holiday firm specializing in selling tours to Turkey to German customers.

• A firm owning a chain of supermarket outlets outside its country of origin.

• A finance company transferring its HQ and all its activities from the UK to the US.

Which of the following is a driver of globalization?

• Trade barriers and controls on inflows of foreign direct investment.

• Weak competition.

• Technological advance.

• Economies of scale are being exploited to the maximum.

How does globalization cause fear of global pandemics?

• Goods are traded internationally 
• None
• Diseases spread in animals and people
• When you travel

Generally, there has been an outsourcing of ............. to China?

• Services
• Manufacturing

How has China and India benefited from globalisation?

• Millions of people have been lifted out of poverty in India and China

• Inequalities among the countyside are growing

• Increased levels of carbon is being emitted in both countries

Globalisation is good because of an ________________ in standard of living , but is bad because there is a _____________ in local cultures and traditions

• increase / decrease
• decrease / increase
• increase / increase
• decrease / decrease

Tags

CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1

What are the Pro's of globalization?

• Larger markets
• new products
• resources for cheap
• All of the above