4.1

What is the primary measure used to compare the economic growth of different countries?

• Gross Domestic Product (GDP) per capita

• Literacy rate

• Health expenditure

• Human Development Index (HDI)

Which of the following regions is experiencing significant economic growth due to emerging economies?

• Europe

• Asia

• North America

• Antarctica

What is the term for the financial investment made by a company or individual in one country into business interests located in another country?

• Export

• Import

• Foreign Direct Investment (FDI)

• Trade liberalisation

Which of the following is a potential implication of economic growth for businesses?

• Decreased trade opportunities

• Increased employment patterns

• Reduced literacy rates

• Lower GDP per capita

What is the effect of reduced international trade barriers on globalisation?

• It decreases globalisation

• It has no effect on globalisation

• It increases globalisation

• It leads to protectionism

Which of the following is an example of a trade barrier?

• Tariffs

• Free trade agreements

• Open borders

• Globalisation

What is the impact of trading blocs like the EU on businesses?

• They restrict market access

• They increase competition

• They provide access to larger markets

• They decrease trade opportunities

Which of the following is a key indicator of a country's health status?

• GDP per capita

• Literacy rate

• Life expectancy

• Human Development Index (HDI)

What is the role of government legislation in protectionism?

• It encourages free trade

• It imposes tariffs

• It removes import quotas

• It provides domestic subsidies

Which of the following is a benefit of business specialisation?

• Decreased efficiency

• Loss of competitive advantage

• Increased competitive advantage

• Higher production costs