Globalisation Quiz

What is a key characteristic of globalisation related to trade?

• Decreased international trade

• Increased international trade

• Isolation of economies

• Reduction in communication

What role do Multinational Corporations (MNCs) play in globalisation?

• They decrease market efficiency

• They operate in a single country

• They seek markets, resources, and labor efficiency

• They limit cultural exchange

How has migration and labor mobility been affected by globalisation?

• Decreased global mobility

• Increased global mobility

• Limited movement for work

• Reduced educational opportunities

What does standardization in globalisation often lead to?

• Diverse business practices

• Unique product designs

• Meeting international expectations

• Increased trade barriers

What has the removal of trade barriers through international agreements promoted?

• Isolationism

• International trade

• Decreased foreign investment

• Increased tariffs

What has financial integration done to global economies?

• Isolated them

• Disconnected them

• Connected them more closely

• Increased trade barriers

What is a result of the expansion of multinational corporations?

• Decreased globalisation

• Establishment of global production networks

• Limited market access

• Reduced trade opportunities

How has political stability impacted globalisation?

• Increased risks of doing business abroad

• Reduced risks associated with doing business abroad

• Decreased international trade

• Limited foreign investment

How can globalisation stimulate economic growth in individual countries?

• By reducing trade barriers

• By increasing trade and foreign investment

• By limiting foreign investment

• By decreasing consumer choices

What is the growing emphasis in response to globalisation's environmental impact?

• Increased industrialization

• Sustainable and responsible business practices

• Reduced international cooperation

• Limiting consumer choices