AQA Changing Economic World Quiz

What is globalisation?

• The decrease in manufacturing in the UK

• The increase in world trade and communication between countries

• The growth of the service sector in the UK

• The government's management of the UK economy

Which of the following is NOT a factor contributing to economic change in the UK?

• Globalisation

• Government policies

• Deindustrialisation

• Privatisation of state-owned businesses

What is the main reason for the decline of traditional industries in the UK?

• Increase in wages in the manufacturing sector

• Decrease in the number of machines used for work

• Global shift in manufacturing to new emerging economies

• Government regulations on manufacturing

What is the role of the Treasury in managing the UK economy?

• Setting the minimum wage

• Managing public services

• Creating more money through quantitative easing

• Producing the annual budget

Which industry experienced significant growth in the UK during the 1980s?

• Manufacturing

• Mining

• Service sector

• Agriculture

What is the purpose of Enterprise Zones in the UK?

• To increase taxes for businesses

• To encourage businesses to locate in specific areas

• To regulate the service sector

• To promote deindustrialisation

What happened to the UK economy in 2008?

• It entered a period of recession

• It experienced rapid economic growth

• The government reduced taxes

• The manufacturing industry boomed

What is the main reason for the increase in world trade?

• The growth of the service sector

• The sharing of ideas between countries

• The decrease in foreign investment

• The interconnectedness of the world

What is the impact of globalisation on the UK economy?

• Increased dependence on other countries

• Decreased government involvement in running things

• Closure of factories and coal pits

• Growth of the manufacturing industry

What is the purpose of government policies in managing the UK economy?

• To increase national debt

• To regulate the service sector

• To set minimum wages

• To control spending and taxation