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WorksheetsGlobal Economy Quiz
Total questions: 20
Worksheet time: 12mins
What is the historical process driven by the dual forces of innovation and technology?
Increase investment
Increase economies of scale
Economic globalization
Movement of labour
These are the key factors that influence and affect how well the global economy works: EXCEPT?
Infrastructure
Human capital
Free trade
Technology
It has become easier for countries to attract short-term and long-term investment.
Increase investment
Increase economies of scale
Free trade
Movement of labour
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.
Increase investment
Increase economies of scale
Free trade
Movement of labour
It is the increased migration of the labour force is advantageous for the recipient country as well as for the workers.
Increase investment
Increase economies of scale
Free trade
Movement of labour
It is the excellent method for countries to exchange goods and services.
(a)
It is a problem that require a strategic approach to finding solutions.
International problem
Global problem
Long term problem
Short term problem
It is a problem caused by the credit crunch and related banking crisis?
International problem
Global problem
Long term problem
Short term problem
The global economy faces a number of serious challenges in 21st century.
TRUE
FALSE
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.
International trade
Global investment
International finance
Economic importance at micro and macro level
This refers to an investment strategy that is not constrained by geographical bound.
(a)
It consists of topics like currency exchange rates and monetary policy.
International finance
International trade
Global investment
Movement of labour
It is considered to be an impact of globalisation.
Global investment
International trade
International finance
Economic importance at a micro and and macro
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)
It is the beginning of the wave of globalization according to the historians.
Global investment
The Gold Standard
Global economy
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.
TRUE
FALSE
Gold had been used as currency for thousands of years from when man started making gold coins.
TRUE
FALSE
It is part of the History of Global Economy. EXCEPT?
Precolonial period
Gold Standard
Industrialization period
Horticultural Period
These are some key factors that influence the global economy, except?
Free trade and Global economy
Infrastructure and Population
Labour and Human capital
Technology and Law
The main cause of the effectiveness of the economic is based on lowering the average of costs and lower prices for customer.
TRUE
FALSE
