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WorksheetsIAL Going Global Key Terms
Total questions: 50
Worksheet time: 26mins
The process by which businesses or other organizations develop international influence or start operating on an international scale
worldwide
globalisation
significantly
melting pot
What is commodity
any raw material or agriculture product
stock and bond that are bought and sold
oil and money that are exchange in the market
natural gas to create petrol
The movement of people is...
Migration
Mobility
Immigration
Globalisation
How many countries does the AT Kearney index measure?
64
84
150
54
The KOF index is comprised of a number of different factors including economic and political globalisation. What is the third factor it uses?
Cultural globalisation
Environmental globalisation
Social Globalisation
Membership of trade blocs
The AT Kearney Index uses four different factors to produce its results. Political engagement, economic integration, personal contact and what...?
Social integration
Environmental regulations
Technological connectivity
Neo liberalism indices
Due to containerisation, how many container movements take place each year on average?
500 million
150 million
750 million
300 million
What does NAFTA stand for?
North Atlantic Freed Trade Association
North American Free Trade Agreement
North American Free Trade Association
North Atlantic Foreign Trade Action
What proportion of the world's GDP do the countries measures by the AT Kearney index generate?
84%
53%
96%
75%
Removing barriers or restrictions set by the government is called:
Investment
Fovourable trade
Liberalisation
Privatisation
Which one of the following is not characteristic of ‘Special Economic Zone’?
They do not have to pay taxes for long period
Government has allowed flexibility in labour laws
They have world class facilities
They do not have to pay taxes for an initial period of five years
W.T.O. was started at the initiative of which one of the following group of countries?
Poor countries
Developed countries
Developing countries
All of the above
Investment made by TNCs are termed as:
Indigenous investment
Foreign Direct investment
Entrepreneur’s investment
None of the above
Which of the following are examples of trade barriers?
Quota on export
Tax on exports
Tax on imports
None of the above
Which of the following is not a feature of a Trans-National Company?
It owns/controls production in more than one nation.
It sets up factories where it is close to the markets
It employs labour only from its own country
It organises production in complex ways
TNCs bring with them the latest technology and Investment for production.
True
False
Which of the following options are correct with respect to TNC's choosing a different country for their operations?
Cheap labour
Proximity to market
Availability of natural resources
All of the above
What is the aim of the WTO?
To established trade blocks
To favor developing countries only
To promote free trade around the globe
None of these
Which of these is not a benefit of outsourcing jobs?
Residents in other countries learn about a company’s product
Workers in the UK. lose their jobs
A company makes a larger profit because the cost of labour is lower.
___________ is the relocation of companies from one country to another.
Decentralisation
Offshoring
Industry
Automotive
What are the modern location factors? Name two factors.
reduce costs
proximity to energy sources
increase profits
near a city
A trade bloc made up of European countries.
The European Union
The Europe Coal and Steel Community
The Bretton Woods Agreement
ASEAN is a trade bloc made of southeastern ____ nations.
African
Australian
Asian
Which of the following is ‘free trade area’?
In these trading blocs trade barriers are removed between member countries but each member can impose trade restrictions on non-members.
There is free trade between member countries combined with a common external tariff on goods from countries outside the customs union.
These are customs unions which adopt a common currency. The Eurozone is an example
These have the same characteristics as customs unions but include the free movement of factors of production (e.g. labour) between member countries.
Define trading bloc.
Groups of countries that agree to reduce or eliminate trade barriers between themselves
Union that adopts a common currency
Measure of the the price of a country’s exports relative to its imports.
refers to the value of exports minus imports.
‘Industrialisation’ happens when a country develops its…
employment
manufacturing
migration
services
The south east of China has all of the following except…
a dense population
a coastline
a cold desert
established infrastructure
What does IMF stand for?
I Make Food
International Monetary Fund
International Money Fund
I don't know
How many countries are involved in the IMF?
200
19
750
190
8
Where is the World Bank HQ?
New York
Washington DC
Brussels
Berlin
Where is the IMF HQ?
Strasbourg
New York
Boston
Washington DC
What is the mandate of the World Bank
Reduce poverty by lending rich corporations' money to poor corporations
Reduce poverty by lending rich countries' money to poor countries
Ensure stability of the international monetary system
Ensure stability of the international political system
What is the mandate of the IMF
reduce poverty by lending the money of rich corporations to poor corporations
to reduce poverty by lending the money of rich countries to poor countries
to ensure the stability of the international monetary system
to ensure the stability of the international political system
Both the IMF and the World Bank were created most closely after the end of this world event.
Cold War
WWI
WWII
creation of the EU
________ makes longer-term loans to pay for specific projects related to development or poverty reduction.
World Trade Organization
World Bank
IMF
Federal Reserve
The _______ makes short-term loans of foreign currencies that the borrowing country must use to finance the stabilization of its own currency.
World Trade Organization
World Bank
IMF
all of the above
