Quiz on Globalisation

What is globalisation?

• The isolation of national economies

• The integration of local, regional, and national economies into a single market

• The restriction of trade between countries

• The separation of technology and intellectual capital

Which of the following is a characteristic of globalisation?

• Decreased trade between nations

• Increased isolation of countries

• Free trade of goods and services

• Limited movement of capital

What has efficient transport made easier in the context of globalisation?

• Increasing tariffs

• Transferring goods across international borders

• Limiting trade routes

• Reducing production

What is a result of brands developing globally?

• Decreased migration

• Increased isolation

• Division of labor between countries

• Limited investment

What is the main benefit of using standard-sized containers?

• Increased labor costs

• Easier and cheaper distribution

• Decrease in global demand

• Increase in production time

What could be a result of MNCs exploiting containerisation?

• Increase in local employment

• Structural unemployment

• Decrease in global trade

• Increase in tariffs

What does the provided video link offer?

• A guide to local businesses

• A background to containerisation

• Information on domestic trade

• A tutorial on IT advancements

What might individual states find difficult due to globalisation?

• Resisting international treaties

• Increasing cultural diversity

• Reducing trade barriers

• Enhancing technological development

What can producers do to lower their average costs due to globalisation?

• Increase production in high-cost areas

• Switch production to places with cheaper labour

• Reduce technological investments

• Limit market expansion

What is a challenge for countries joining international organisations?

• Maintaining their own rules

• Abiding by the organisation's rules

• Increasing their sovereignty

• Reducing international cooperation