Globalisation and World Economy Quiz

What is globalisation?

• The growing interconnectedness of the world's economies, cultures, and populations

• The isolation of countries from each other

• The process of only trading within a country

• The movement of people within a single city

Which of the following is NOT one of the four main types of globalisation?

• Economic

• Social

• Political

• Agricultural

What do transnational corporations (TNCs) do?

• Manufacture goods in only one country

• Manufacture goods where it is cheapest to maximise profit

• Only sell products locally

• Focus only on agriculture

Why has China become the "workshop of the world" since 1990?

• High wages and strict regulations

• Lower wages, fewer regulations, and a large working population

• Focus on agriculture

• High cost of living

Which country is a major partner for China in Africa?

• Nigeria

• India

• Bangladesh

• Vietnam

What is a disadvantage of Chinese investment in Nigeria?

• Local people get more construction jobs

• Local people don’t get the construction jobs

• More money for local businesses

• Increase in local wages

What is the informal economy?

• Economy where people pay taxes to the government

• Economy with large scale factories

• Economy where people do not pay taxes and often work in poor conditions

• Economy with high levels of skills

Why does the Indian government need tax income?

• To reduce exports

• To fund large scale projects like infrastructure

• To increase imports

• To lower wages

Which country imports over 1 million barrels of crude oil per day from Iraq?

• China

• India

• Nigeria

• Germany

What is one reason TNCs might move manufacturing to countries like Bangladesh or Vietnam?

• Higher wages

• Lower wages

• More regulations

• Smaller working population