Global Economy Quiz

What is the historical process driven by the dual forces of innovation and technology?

• Increase investment

• Increase economies of scale

• Economic globalization

• Movement of labour

These are the key factors that influence and affect how well the global economy works: EXCEPT?

• Infrastructure

• Human capital

• Free trade

• Technology

It has become easier for countries to attract short-term and long-term investment.

• Increase investment

• Increase economies of scale

• Free trade

• Movement of labour

It is the specialisation of goods production in most countries has led to advantageous economic factors such as lower average costs and lower prices for customers.

• Increase investment

• Increase economies of scale

• Free trade

• Movement of labour

It is the increased migration of the labour force is advantageous for the recipient country as well as for the workers.

• Increase investment

• Increase economies of scale

• Free trade

• Movement of labour

It is the excellent method for countries to exchange goods and services.

(a)  

It is a problem that require a strategic approach to finding solutions.

• International problem

• Global problem

• Long term problem

• Short term problem

It is a problem caused by the credit crunch and related banking crisis?

• International problem

• Global problem

• Long term problem

• Short term problem

The global economy faces a number of serious challenges in 21st century.

• TRUE

• FALSE

It is the branch of economics studies how people make decisions, what factors affect their decisions, and how these decisions affect the price, demand, and supply of goods in the market.

• International trade

• Global investment

• International finance

• Economic importance at micro and macro level