Globalisation Quiz

What is one of the reasons for globalisation?

• Increased tariffs and quotas

• Reduced cost of transport

• Decreased significance of MNCs

• Increased cost of communication

Which of the following is a factor that contributes to globalisation?

• Increased communication costs

• Fewer tariffs and quotas

• Decreased significance of MNCs

• Higher transport costs

Which of the following is NOT associated with globalisation?

• World trade

• International investment

• Sharing of ideas

• Decrease in global communication

What is one effect of globalisation on transportation costs?

• Increased cost of transport

• Reduced cost of transport

• No change in transport costs

• Increased tariffs on transport

What is one impact of globalization on individual countries?

• Decrease in GDP

• Increase in wealth due to business development

• Reduction in employment opportunities

• Decrease in living standards

How does globalization affect government tax revenue?

• Decreases tax revenue

• Has no effect on tax revenue

• Increases tax revenue

• Eliminates tax revenue

How do consumers benefit from multinational companies (MNCs) producing goods in countries like India and China?

• Higher prices for goods

• Lower prices for goods

• Increased taxes

• Limited product variety

Why do many environmentalists oppose globalization?

• It reduces greenhouse gas emissions

• It leads to more environmental damage

• It decreases the use of non-renewable resources

• It promotes sustainable growth

How does globalization create new job opportunities according to the text?

• By closing local factories

• By opening new factories in developing countries

• By reducing the need for local suppliers

• By limiting multinational contracts

The increased integration and interdependence of economies is known as

• privatisation

• specialisation

• protectionism

• globalisation