C9 Econ Impacts of Globalisation Part 1 Quiz

How did Starbucks' global operations impact individuals?

• Job opportunities are mostly found in India where coffee beans are roasted

• Individuals are able to purchase Starbucks affordably

• Increase in job opportunities worldwide

• Job opportunities are limited by skills

What is a negative outcome of increased competition due to globalisation?

• Decreased exploitation

• Economic downturn

• Increased job opportunities

• Improved working conditions

Which of the following is an example of Foreign Direct Investment?

• Dyson sets up operations in Singapore

• Selling more Samsung TVs to a larger market

• Singapore selling and buying goods from UK

• Apple sets up operations in Shenzhen China

Why would individuals experience unemployment when MNCs operate in a globalised world?

• Individuals can travel abroad for more job experiences

• Individuals will facec competition from workers from different countries

• MNCs can work with people of different countries and they become interdependent

• MNCs can relocate to lower costs, causing individuals to lose their jobs

Which of the following is NOT an economic benefit of globalisation?

• Increased economic growth due to the use of e-commerce

• Cost of operations become lower and cost effiency for companies increase

• Individuals have job opportunities at sweatshops

• Customers will have increased variety of products with increased trading of goods

How do countries benefit from globalisation economically?

• Receive foreign direct investment

• Increased variety in products

• Increased job opportunities

• Increased competition with local products

How would global events such as Russia-Ukraine war affect countries?

• Loss of profits due to slower rate of business

• Disruption of resources from these countries, affecting economic growth

• Loss of manpower due to a lack of workers in MNCs

• Countries will need to ration their resources as they have a lack of these resources

What are examples of FDI presently in Singapore?

• Dyson

• Zoom

• Facebook

• Electrolux