Quiz on Economic Impacts of Globalisation

What is the main focus of Chapter 9?

• Social impacts of globalisation

• Economic impacts of globalisation

• Political impacts of globalisation

• Environmental impacts of globalisation

What is the main driver of globalisation that drives the global economy?

• Scientific advancements

• Economic advancements

• Cultural advancements

• Technological advancements

How do countries mainly participate in the global economy?

• Through cultural exchanges

• Through military alliances

• Through educational programs

• Through international trade

What are Foreign Direct Investments (FDIs)?

• Investments made by the government in local industries

• Investments made by local businesses within the country

• Investments made by individuals in foreign countries

• Investments made by foreign businesses in another country

Name one benefit of FDI.

• Transfer of skills and expertise to local businesses

• Increase in unemployment rates

• Decrease in local production

• Reduction in market demand

What factor can make a country competitive in industries requiring a lot of labor?

• Political stability

• Advanced technologies

• Low labor costs

• Highly skilled labor

What is one way governments can respond to the economic impacts of globalisation?

• By reducing foreign investments

• By increasing taxes

• By providing financial support

• By limiting international trade

What is the main focus of the Go Digital program launched by IMDA?

• Limiting technological advancements

• Promoting traditional businesses

• Adopting advanced digital solutions

• Encouraging manual labor

What is one way individuals can respond to the economic impacts of globalisation?

• Avoiding acquiring new skills

• Avoiding job opportunities

• Having a closed mindset

• Continually acquiring new knowledge and skills

What is the main goal of countries signing free trade agreements (FTAs)?

• Increase tariffs on imported goods

• Reduce trade with other countries

• Promote free trade and lower costs

• Limit international investments