Economy and Transformation

Economy and Transformation

12th Grade

16 Qs

quiz-placeholder

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Economy and Transformation

Economy and Transformation

Assessment

Quiz

Financial Education

12th Grade

Practice Problem

Medium

Created by

Solene Solene

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: Globalisation often leads to the _______ of local industries.

Growth

Decline

Isolation

Ignorance

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is globalization?

A) A local trade practice

B) A process of international integration

C) A type of economic theory

D) A protectionist policy.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: ________ is the strategy of entering foreign markets to increase sales.

Internationalization

Globalization

Transnationalization

Multinationalization

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The term 'global' is associated with which of the following meanings?

Local

Worldwide

National

Regional

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is considered one of the fathers of protectionism and emphasized that tariffs and governmental support were essential to foster domestic industries?

Friedrich List

Alexander Hamilton

Donald Trump

Thomas Jefferson

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: Alexander Hamilton was against the use of tariffs to support domestic industries.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes the economic philosophy of Alexander Hamilton?

Laissez-faire

Protectionism

Communism

Socialism

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