
Globalisation and Trade Liberalisation Quiz
Authored by Patrice Medwinter
Other
12th Grade
Used 1+ times

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33 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is protectionism?
A policy of protecting home industries from foreign competition
A policy of promoting free trade
A policy of reducing trade barriers
A policy of encouraging foreign investment
2.
MULTIPLE SELECT QUESTION
30 sec • 2 pts
What are the benefits of preferential tariffs?
Lower prices for the goods from the country with the preferential tariff
Better trading relations between countries
Assistance provided by richer countries to poorer countries
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is trade liberalisation?
The imposition of trade barriers on imported goods
The reduction of barriers to trade
The promotion of preferential tariffs
The increase in protectionist measures
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is globalisation?
The emergence of a single world market
The reduction of barriers to trade
The promotion of preferential tariffs
The increase in protectionist measures
5.
MULTIPLE SELECT QUESTION
30 sec • 2 pts
What are the drivers of globalisation?
Leaps in communication technology
Improved transportation
Trade liberalisation
All of the above
6.
MULTIPLE SELECT QUESTION
30 sec • 2 pts
What are the economic and social benefits of large-scale production?
Economies of scale
Increased employment
Better quality goods
All of the above
7.
MULTIPLE SELECT QUESTION
30 sec • 2 pts
What are the effects of trade liberalisation and globalisation on firms in the Caribbean?
decreased competition
Presence of more multinational corporations
Need to advertise globally
All of the above
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