Global Economy Quiz

What is the primary focus of the global economy?

• Local trade practices

• Globalization of production and finance

• National economic policies

• Cultural exchange

Which organization helps countries trade fairly and reduces trade barriers?

• World Bank

• International Monetary Fund

• World Trade Organization

• United Nations

What does Foreign Direct Investment (FDI) involve?

• Buying shares of foreign companies

• Establishing a subsidiary in a foreign country

• Trading goods and services

• Investing in local businesses

Which of the following is an example of an export?

• A Chinese factory producing goods for local markets

• A US company importing electronics from Japan

• A Canadian company selling lumber to the US

• A UK firm buying oil from Saudi Arabia

What is the role of the International Monetary Fund (IMF)?

• To stabilize economies and manage money

• To provide loans for infrastructure projects

• To regulate international trade agreements

• To promote cultural exchange

What is a major benefit of the global economy?

• Increased economic inequality

• Job displacement

• Increased trade opportunities

• Environmental degradation

Which of the following is a challenge of the global economy?

• Increased trade opportunities

• Job displacement

• Economic growth

• Innovation and technology transfer

What does e-commerce refer to?

• Stock market investments

• Local market transactions

• International trade agreements

• Buying and selling goods over the internet

Which technology is revolutionizing international payments?

• Social media

• Blockchain

• Telecommunication

• Traditional banking

What is the purpose of regional trade agreements?

• To limit foreign investments

• To promote trade by reducing barriers

• To enhance cultural exchanges

• To increase tariffs on imports