Free Printable Globalisation and Trade

Worksheets

Globalisation and Trade

Total questions: 18

Worksheet time: 9mins

Name

Class

Date

What does TNC stand for?

Trans national corporations

Trade nations conference

Trans national countries

Trial national cooperations

Which one of the following is a negative consequence of globalisation for less-developed countries

Enhanced cultural uniqueness

Skills transferred to domestic workers

Improved terms of trade

Wider income inequalities

What are some positive effects of Globalisation ?

Increased freedom to travel and immigrate,better access to medicine,information, and technology.

Lower prices for developed countries and low paying jobs in underdeveloped countries

Less pollution in the world

All of the above

Globalisation is good because of an ________________ in standard of living , but is bad because there is a _____________ in local cultures and traditions

increase / decrease

decrease / increase

increase / increase

decrease / decrease

Tax on imports is know as what?

export

guild

tariff

regulation

This economic system is based on competition, profits, and self-interest.

Socialism

Communism

Capitalism

Who came up with the idea of capitalism in their book, The Wealth of Nations?

Vasco da Gama

Charles Marx

Adam Smith

Donald Trump

In an economy what three things must take place?

Production, Relocation, Consumption

Production, Distribution, and Consumption

Production, Distribution, and Labeling

What does Specialization mean?

Something oe person does for someone else.

Not being able to have everything that you want because of limited resources.

Having more than you want, or need.

When people work in jobs where they produce a few special goods, or services.

10.

When government stops regulating a particular industry, we say that what has occurred.

deregulation

price ceiling

stagflation

recession

11.

Which of the following is not likely to be associated with globalisation?

higher levels of protection against cheap foreign imports

an increase in exports as a proportion of nations’ gross domestic product (GDP)

growth in the in􏰀uence o􏰉 􏰊ultinational corporations

higher rates of economic growth for countries which increase their trade openness

12.

A factor not facilitating the process of globalisation would be

the reduction of tariffs in some manufacturing industries.

an improvement in telecommunications technology.

more free trade agreements.

an increase in rates of taxation paid by multinational firms.

13.

Globalisation has resulted in

an increase in Australian trade surpluses.

an increase in global trade barriers.

a decline in global extreme poverty.

a decline in Australian productivity.

14.

Which of the following describes an effect of globalisation?

There has been a greater divergence in world economic systems.

There has been an increase in global poverty.

There has been an increasing trend towards regulation of markets.

There has been as increase in the flow of financial capital.

15.

The purpose of protection is to

increase income for the whole economy.

increase income for the protected industry.

increase efficiency in the protected industry.

increase the volume of trade.

16.

What would limit the globalisation process among nations?

Increase in the number of free trade agreements

Increase in the flow of direct foreign investment

Increase in the volume of trade flows

increase in tariffs

17.

Critics of globalisation general argue that globalisation

helps spread the best of each country's culture.

reduce income inequality.

causes degredation in the world's environment.

helps each country safeguard the best of its own culture

18.

Two of the main factors that have facilitated globalisation are:

Movement of labour across borders and growth of MNC’s.

High economic growth rates and technological change.

Trade liberalisation and growth in tourism.

Technological change and trade liberalisation.

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Globalisation and Trade

Total questions: 18

Worksheet time: 9mins

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