OCR GCSE Economics - 4.4 - Globalisation

Which country has the biggest labour market?

• Brazil

• China

• India

• UK

Globalisation is:

• The introduction of the internet to make us closer to others in the world

• The breakdown of traditional barriers between nations through technology and transport

• Faster travel around the world

• The movement of people and ideas around the world

Which one of the following is a characteristic of globalisation?

• Low levels of labour migration

• The development of global brands

• A decrease in foreign direct investment

• A reduction in outsourcing and off-shoring of production

Which one of the following is a negative consequence of globalisation for less-developed countries?

• Enhanced cultural uniqueness

• Skills transferred to domestic workers

• Improved terms of trade

• Wider income inequalities

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

A disadvantage of globalisation for manufacturers in the UK would include which one of the following?

• Access to wider markets

• Difficult to find workers

• Low-cost competition from overseas firms

• The spread of technology could cause local unemployment

Which factor might attract a transnational corporation to a country?

• Good tourist attractions

• Cheap raw materials

• High average monthly wage

Which of the following are high income countries?

• The USA, Canada and the UK

• Australia, New Zealand and South Korea

• Peru, Bolivia and Argentina

Which of the following factors is NOT responsible for the acceleration of globalisation?

• Transport systems

• Trade agreements such as those established by the WTO

• Communication systems

• The increase of unemployment in the UK

What does TNC stand for?

• Transnational corporations

• Trade nations conference

• Transnational countries

• Trial national corporations