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Cover lesson review

Authored by Nick Berryman

Business

12th Grade

Used 1+ times

Cover lesson review
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is trade liberalisation?

Increasing taxes on international trade

The process of establishing trade barriers

The process by which international trade is made easier through a relaxation of the rules

Reducing the quality of goods traded internationally

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role does the World Trade Organisation (WTO) play in globalisation?

Increases barriers to trade

Provides a forum for the negotiation of trade disputes and encourages trade liberalisation

Prohibits international trade

Focuses only on domestic trade

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has political change contributed to globalisation?

By discouraging international cooperation

Through more open trade between nations due to less protectionist policies

By increasing protectionist policies

By limiting international summits

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the impact of reduced cost of transport and communication on business?

Decreases the efficiency of international trade

Makes it harder to access international markets

Increases the cost of doing business internationally

Allows businesses to produce goods overseas and still be competitive

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of transnational companies in globalisation?

They discourage investment in technology and product innovation

They use cheap labour in LEDCs to mass produce goods for a global market

They reduce global economic activity

They only operate within their country of origin

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Foreign Direct Investment (FDI)?

A controlling ownership in a business enterprise in one country by an entity based in another country

A tax imposed on international trade

A local investment in domestic businesses

A strategy to reduce international business operations

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does migration contribute to globalisation?

By restricting movements of people between nations

Through stricter immigration policies

By providing a source of low-income workers for the host nation

By decreasing the diversity of the workforce

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