2024 HUM(SS) Issue 3 Revision Quiz

What is the best definition of ‘globalisation’?

• The process of promoting cultural homogeneity
• The process of decreasing interconnectedness and interdependence among countries

• The process of increased interconnectedness and interdependence among countries

• The process of isolating countries from one another

Which of the following is NOT part of the global supply chain?

• Manufacturing plants
• Logistics companies
• Distribution centers
• Governments

Why are advancements in transportation driving globalisation?

• Advancements in transportation drive globalisation by facilitating the movement of goods, services, and people across borders more quickly and efficiently.
• Advancements in transportation drive globalisation by slowing down the movement of goods and people across borders.
• Advancements in transportation drive globalisation by increasing trade barriers and restrictions.
• Advancements in transportation drive globalisation by causing isolation and limiting interactions between countries.

Why are advancements in communication technology driving globalisation?

• Advancements in communication technology increase language barriers in global interactions
• Advancements in communication technology enable real-time communication and collaboration on ideas on a global scale.

• Advancements in communication technology limit access to information globally
• Advancements in communication technology reduce global connectivity

Which of the following Singapore companies is/are not considered MNCs?

• Singapore Airlines

• BreadTalk

• Singtel

• Keppel Corporation

How does attracting MNCs to Singapore benefit the economy?

• Attracting MNCs to Singapore benefits the economy through reducing job opportunities, decreased investment, stagnation in innovation, lack of technology transfer, export decline, and economic recession.
• Attracting MNCs to Singapore benefits the economy through environmental degradation, exploitation of resources, increased unemployment, social unrest, and economic downturn.
• Attracting MNCs to Singapore benefits the economy through monopolizing industries, hindering local businesses, limiting growth opportunities, reducing competitiveness, and causing economic stagnation.
• Attracting MNCs to Singapore benefits the economy through job creation, increased investment, innovation, technology transfer, export growth, and economic development.

Why is there an increasing trend of ‘deglobalisation’ today?

• Global consensus on free trade
• Rising tensions between nations resulting in isolationism

• Decrease in technological advancements
• Decrease in geopolitical tensions

Which country has the largest economy as of 2024?

• China
• United States
• Germany
• Japan

What is the best definition of ‘foreign direct investments’?

• Investments made by a company or individual in another country

• Investments made by individuals in their own country
• Investments made by the government in foreign businesses
• Investments made by a company in the same country

Why do some people have an anti-FDI mindset?

• Preference for domestic products
• Concerns about foreign control and exploitation

• Lack of understanding about global economics
• Fear of technological advancement