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WorksheetsGLOBAL INTERDEPENDENCE
Total questions: 13
Worksheet time: 7mins
Name
Class
Date
1.
Globalisation is best defined as
a)
the move to a borderless world.
b)
a shrinking world.
c)
an interdependent world.
d)
the opening of national borders to foreign goods, services, investment, information, technology and people
2.
The current period of rapid globalisation began in the
a)
1940s
b)
1950s
c)
1960s
d)
1970s
3.
Over the past 50 years globalisation has
a)
increased global prosperity
b)
plunged millions into poverty
c)
equalised national incomes
d)
reduced the risk of global contagion
4.
Which of the following is an indicator of the extent of globalisation
a)
growth of world trade at a faster rate than global GDP
b)
Synchronisation of business cycles around the globe.
c)
reduction in the average rate of tariff protection across the globe
d)
All the responses are correct
5.
The most globalised feature of the world economy is
a)
trade in goods.
b)
trade in services.
c)
finance
d)
tourism
6.
Two of the world's largest TNCs are
a)
Kmart and MC Donalds
b)
Kentucky Fried Chicken and IKEA
c)
Vodafone and Nestle
d)
Royal Dutch Shell and Toyota
7.
Which of the following are the best indicators of changes in Australia's international competitiveness?
a)
RULC and TWI
b)
The inflation and unemployment rates.
c)
The level of tariffs and the inflation rate
d)
None of the answers is correct
8.
A fall in the RULC would usually be associated with
a)
a rise in competitiveness
b)
a fall in competitiveness
c)
no change in competitiveness
9.
A depreciation of the currency makes a nation's exports
a)
more competitive
b)
less competitive
c)
has no impact on competitiveness
10.
The international agency whose task is to enforce the rules of international trade is the
a)
UN
b)
World Bank
c)
IMF
d)
WTO
11.
The evidence suggests that countries that are more interconnected with the world economy
a)
cannot protect themselves from global crises like the GFC.
b)
have higher rates of economic growth and higher wages
c)
are exploited by TNCs that exploit the environment, underpay workers and avoid tax.
d)
suffer from inflation
12.
The move to a "rules based" approach to the global economy is
a)
of particular benefit to smaller nations like Australia
b)
of particular benefit to the largest economies
c)
a negative impact of globalisation.
13.
The demise of the Australian car manufacturing industry is an example of
a)
one of the costs of globalisation.
b)
one cause of structural unemployment.
c)
both answers are correct
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