Quiz on Globalisation

What is globalisation primarily described as?

• The process by which the world is becoming one market

• The process of reducing competition

• The process of increasing tariffs

• The process of localising production

Which of the following is a consequence of globalisation?

• Increased isolation of economies

• Higher prices for consumers

• Decreased availability of global brands

• Increased competition and lower prices

What has contributed to reduced transport costs in globalisation?

• Smaller ships and airplanes

• Containerisation and larger ships

• Increased tariffs

• Decreased production efficiency

which is the cause of globalization?

• Free Trade

• mobility of labour

• availability of internet

• All of above

What is one disadvantage of globalisation?

• Increased job security for workers

• damage local industries

• countries become independent

• Reduction in the variety of products available

What is a key term defined in the text related to globalisation?

• Interconnection

• Protectionism

• Globalisation

• Isolationism