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Global Economy Quiz

Total questions: 20

Worksheet time: 12mins

Name
Class
Date
1.

What is the historical process driven by the dual forces of innovation and technology?

a)

Increase investment

b)

Increase economies of scale

c)

Economic globalization

d)

Movement of labour

2.

These are the key factors that influence and affect how well the global economy works: EXCEPT?

a)

Infrastructure

b)

Human capital

c)

Free trade

d)

Technology

3.

It has become easier for countries to attract short-term and long-term investment.

a)

Increase investment

b)

Increase economies of scale

c)

Free trade

d)

Movement of labour

4.

It is the specialisation of goods production in most countries has led to advantageous economic factors such as lower average costs and lower prices for customers.

a)

Increase investment

b)

Increase economies of scale

c)

Free trade

d)

Movement of labour

5.

It is the increased migration of the labour force is advantageous for the recipient country as well as for the workers.

a)

Increase investment

b)

Increase economies of scale

c)

Free trade

d)

Movement of labour

6.

It is the excellent method for countries to exchange goods and services.

(a)  

7.

It is a problem that require a strategic approach to finding solutions.

a)

International problem

b)

Global problem

c)

Long term problem

d)

Short term problem

8.

It is a problem caused by the credit crunch and related banking crisis?

a)

International problem

b)

Global problem

c)

Long term problem

d)

Short term problem

9.

The global economy faces a number of serious challenges in 21st century.

a)

TRUE

b)

FALSE

10.

It is the branch of economics studies how people make decisions, what factors affect their decisions, and how these decisions affect the price, demand, and supply of goods in the market.

a)

International trade

b)

Global investment

c)

International finance

d)

Economic importance at micro and macro level

11.

This refers to an investment strategy that is not constrained by geographical bound.

(a)  

12.

It consists of topics like currency exchange rates and monetary policy.

a)

International finance

b)

International trade

c)

Global investment

d)

Movement of labour

13.

It is considered to be an impact of globalisation.

a)

Global investment

b)

International trade

c)

International finance

d)

Economic importance at a micro and and macro

14.

It is the of process by which national and regional economies, societies, and cultures have become integrated through the global network of trade, communication, immigration, and transportation.

(a)  

15.

It is the beginning of the wave of globalization according to the historians.

a)

Global investment

b)

The Gold Standard

c)

Global economy

16.

Economic Globalization describes as a process by which national and regional economies, societies, and cultures have become integrated through the global network of trade, communication, immigration, and transportation.

a)

TRUE

b)

FALSE

17.

Gold had been used as currency for thousands of years from when man started making gold coins.

a)

TRUE

b)

FALSE

18.

It is part of the History of Global Economy. EXCEPT?

a)

Precolonial period

b)

Gold Standard

c)

Industrialization period

d)

Horticultural Period

19.

These are some key factors that influence the global economy, except?

a)

Free trade and Global economy

b)

Infrastructure and Population

c)

Labour and Human capital

d)

Technology and Law

20.

The main cause of the effectiveness of the economic is based on lowering the average of costs and lower prices for customer.

a)

TRUE

b)

FALSE