Globalisation Quiz

What is globalisation?

• The free movement of goods, services, and resources across international borders.

• The restriction of trade between countries.

• The isolation of economies from the global market.

• The increase of tariffs and quotas on international trade.

Which of the following is an example of globalisation?

• Deforestation in the Amazon Basin affecting global climate.

• A country closing its borders to foreign trade.

• A local farmer selling produce at a village market.

• A city implementing a recycling program.

What has improved communication contributed to globalisation?

• It allows people across the globe to communicate wherever they are.

• It has increased the cost of international calls.

• It has made it difficult for companies to expand globally.

• It has reduced the speed of information exchange.

Which technology is NOT mentioned as a contributor to improved communication?

• Telegraph

• Email

• Internet

• Mobile phones

How has improved transportation affected globalisation?

• It has limited the export of goods to other countries.

• It has decreased the availability of exotic goods.

• It has made international travel more expensive.

• It allows for the movement of large volumes of goods across the globe.

What role do multinational corporations (MNCs) play in globalisation?

• They avoid exporting goods to other countries.

• They focus solely on local markets.

• They restrict foreign direct investment.

• They have production facilities all over the world.

Which of the following is a characteristic of MNCs?

• They avoid using advanced technology.

• Their annual sales are greater than the GDP of many developing countries.

• They only operate within their home country.

• They do not engage in foreign direct investment.

What is foreign direct investment (FDI)?

• The nationalization of foreign-owned businesses.

• The imposition of tariffs on imported goods.

• The restriction of foreign companies from investing in a country.

• The establishment of offices and factories in many different countries.

How do MNCs benefit from globalisation?

• They are limited to operating in their home country.

• They face increased barriers to international trade.

• They can export all over the world free from tariffs and quotas.

• They are unable to access global financial markets.

What is the role of the World Trade Organisation (WTO)?

• It encourages countries to reduce tariffs and quotas.

• It imposes trade barriers between countries.

• It restricts the movement of goods across borders.

• It promotes isolationist economic policies.