Globalisation Vocabulary Quiz

What is the process by which businesses or other organizations develop international influence or start operating on an international scale?

• Convergence

• Globalisation

• Prerequisite

• Monopoly

• Arbitrage

What is the exclusive possession or control of the supply or trade in a commodity or service?

• Convergence

• Prerequisite

• Monopoly

• Arbitrage

• Globalisation

What is the simultaneous purchase and sale of an asset to profit from a difference in the price?

• Arbitrage

• Convergence

• Globalisation

• Monopoly

• Prerequisite

When different markets around the world start to align in terms of pricing. What is this process called?

• Monopoly

• Globalisation

• Convergence

• Prerequisite

• Arbitrage

What is the profession, activity, or skill of managing international relations, typically by a country's representatives abroad?

• Globalisation

• Convergence

• Diplomacy

• Arbitrage

• Monopoly

What are goods transported in bulk by truck, train, ship, or aircraft?

• Convergence

• Globalisation

• Arbitrage

• Freight

• Monopoly

What is a tax or duty to be paid on a particular class of imports or exports?

• Globalisation

• Arbitrage

• Monopoly

• Convergence

• Tariff

What are goods or services sent to another country for sale?

• Exports

• Globalisation

• Monopoly

• Convergence

• Arbitrage

What are taxes imposed by a government on imported goods?

• Monopoly

• Arbitrage

• Convergence

• Globalisation

• Tariffs

What is the use of standard-sized containers to transport goods efficiently across different modes of transportation?

• Containerisation

• Globalisation

• Monopoly

• Arbitrage

• Convergence