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Trade

Total questions: 23

Worksheet time: 12mins

Name
Class
Date
1.

liberalisation is a process occur when something which is used to be banned is no longer banned or when government regulations of relaxed

a)

True

b)

False

2.
Globalisation is:
a)
the introduction of the internet to make us closer to others in the world. 
b)
the breakdown of traditional barriers between nations through technology and transport
c)
faster travel around the world
d)
the movement of people and ideas around the world.
3.
What are some positive effects of Globalisation ?
a)
Increased freedom to travel and immigrate,better access to medicine,information, and technology.
b)
Lower prices for developed countries and low paying jobs in underdeveloped countries
c)
Less pollution in the world
d)
All of the above
4.
E-Commerce allows you to buy and sell goods on the Internet
a)
True
b)
False
5.
Globalisation is good because of an ________________ in standard of living , but is bad because there is a _____________ in local cultures and traditions
a)
increase / decrease
b)
decrease / increase
c)
increase / increase
d)
decrease / decrease
6.
Which of the following are benefits of international trade?
a)
acquiring goods that you do not produce yourself
b)
the ability to sell your goods to others for a profit
c)
the ability to specialize production of certain goods in your country
d)
all of the above are benefits 
7.
Mc Donald's  is an example of a multinational corporation.
a)
true
b)
false
8.

Is the spread of religion over human history an example of globalisation?

a)

True

b)

False

9.

Importing goods is:

a)

The sale of goods to another country

b)

Beneficial to a country's economy

c)

The buying of goods from another country

d)

The movement of people around the globe

10.

Removing barriers or restrictions set by the government is called:

a)

Investment

b)

Fovourable trade

c)

Liberalisation

d)

Privatisation

11.

Rapid integration or interconnection between countries is known as:

a)

Privatisation

b)

Free trade

c)

Globalisation

d)

Liberalisation

12.

W.T.O. was started at the initiative of which one of the following group of countries?

a)

Poor countries

b)

Developed countries

c)

Developing countries

d)

All of the above

13.

Globalisation, by connecting countries, shall result in

a)

lesser competition among producers

b)

greater competition among producers

c)

no change in competition among producers

d)

All of the above

14.

Tax on imports is an example of

a)

Terms of Trade

b)

Collateral

c)

Foreign Trade

d)

Trade Barriers

15.

What is the aim of the WTO?

a)

To established trade blocks

b)

To favor developing countries only

c)

To promote free trade around the globe

d)

None of these

16.

Which of these is NOT one of the four factors that have helped to bring about globalisation?

a)

Technological

b)

Economic

c)

Political

d)

Education

17.

Which of these is an example of a technological change that has created a global community?

a)

The EU

b)

The internet

c)

Uber

d)

Deliveroo

18.

Which of these is an example of economic changes in the global context?

a)

New £10 note

b)

High street banks opening

c)

Electronic banking

d)

Saving accounts

19.

The most important factor that enables globalisation is

a)

Advancement in technology

b)

Narrow Industrial Policies

c)

Orthodox Foreign Trade Policy

d)

Government controls and restrictions

20.

The headquarters of WTO is located in

a)

Dubai, UAE

b)

Istanbul, Turkey

c)

Geneva, Switzerland

d)

Paris, France

21.

Benefits of MNCs include

a)

inflow of foreign exchange

b)

Lower the standard of living

c)

to increase barriers in trade

d)

To reduce competitiveness

22.

Globalisation is possible because of the advances in ICT (information and communication technology).

a)

TRUE

b)

FALSE

c)

I DON"T KNOW

23.

Mercadona is the largest retail company in the world.

a)

TRUE

b)

FALSE

c)

I DON"T KNOW

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