Global Interdependence

What is the primary role of the World Trade Organization (WTO)?

• To provide loans to developing countries

• To regulate international trade and ensure trade flows smoothly

• To impose tariffs on imports

• To manage international tourism

Which of the following is an example of an invisible export?

• Exporting cars

• Exporting software services

• Exporting wheat

• Exporting textiles

As of 2023, what is the estimated value of world trade?

• $10 trillion

• $20 trillion

• $30 trillion

• $40 trillion

Which factor is NOT typically considered when analysing global trade patterns?

• Resource endowment

• Locational advantage

• Historical factors

• Local weather conditions

What is the main purpose of Fairtrade?

• To increase profits for multinational corporations

• To ensure fair prices and conditions for producers in developing countries

• To reduce the cost of goods for consumers

• To promote free trade agreements

Which type of aid is specifically aimed at providing immediate relief during emergencies?

• Development aid

• Tied aid

• Relief aid

• Bilateral aid

What is a significant cause of international debt for many countries?

• High levels of foreign investment

• Excessive borrowing from international lenders

• Surplus in trade balance

• High levels of domestic savings

Which of the following is a recent trend in international tourism as of 2023?

• Decline in ecotourism

• Increase in virtual tourism experiences

• Decrease in global travel due to improved local attractions

• Reduction in the number of international flights

What is the tourism multiplier effect?

• The increase in tourism due to better marketing

• The economic impact of spending by tourists, leading to further economic activity

• The reduction in tourism due to environmental concerns

• The increase in tourism due to lower travel costs

Which stage is NOT part of the life cycle model of tourism?

• Exploration

• Involvement

• Decline

• Saturation