WTO's Koopman: Prospects for Quick Recovery in Global Trade Improving

WTO's Koopman: Prospects for Quick Recovery in Global Trade Improving

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

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The video discusses the impact of vaccine rollout on GDP growth, highlighting different scenarios based on the speed of vaccine distribution. It examines the role of US stimulus in aiding global recovery and the shift in consumer spending patterns during the pandemic. The economic impact of the Suez Canal blockage is analyzed, with a focus on supply chain resilience. Finally, the discussion turns to onshoring and inventory strategies, considering the effects of trade conflicts and the pandemic on global supply chains.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the slow vaccine rollout in Europe affect global GDP growth?

It stabilizes GDP growth.

It has no effect on GDP growth.

It leads to a decrease in GDP growth.

It causes an increase in GDP growth.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been a significant driver of positive surprises in the global economy?

Increased tourism

US stimulus and fiscal policies

Decreased consumer spending

Rising oil prices

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What shift in consumer behavior was observed during the pandemic?

Decrease in online shopping

More investment in stock markets

Shift from services to merchandise goods

Increased spending on travel

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the estimated daily impact of the Suez Canal blockage on global trade?

$15 billion

$5 billion

$1 billion

$9 billion

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the Suez Canal blockage affect global supply chains?

It caused a complete halt in global trade.

It had a minor impact with mostly delays.

It led to a significant increase in shipping costs.

It resulted in widespread shortages of goods.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential outcome of the onshoring debate?

Decreased production costs

More diverse sources of supply

Increased reliance on a single supplier

Complete elimination of inventory stocking

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What might Biden's policies focus on to impact US production and trade?

Increasing tariffs

Improving infrastructure

Reducing exports

Limiting foreign investments