WorksheetsHomeland Economics Quiz
Total questions: 15
Worksheet time: 8mins
What is the main idea behind 'homeland economics'?
To encourage geopolitical integration
To promote free-flowing capital markets
To reduce risks to a country's economy
To increase globalisation
What is the focus of 'homeland economics'?
Spending on r&d
Raising tariffs
Building up national champions in strategic industries
All of the above
What is the potential downside of 'homeland economics' according to the article?
Reduced global output
Reduced government spending
Higher incomes and more efficiency
Lower incomes and less efficiency
What is the likely outcome of the new industrial policy in the long run according to the article?
The West will be less reliant on China
The West will be as reliant on China as it is today
The West will be more equal and fast-growing
The West will be more reliant on China
According to the article, what is the potential impact of 'economic nationalism'?
Increased global cooperation
Decreased reliance on foreign goods
Reduced economic growth
Enhanced international competitiveness
According to the article, what is the main concern for governments and companies regarding supply chains?
The rise of autocracies in the global trading system
The impact of the pandemic on global supply chains
Deliberate weaponization by leaders like Vladimir Putin
Efficiency in global markets
What is the conclusion drawn in the article regarding the resilience of supply chains in the face of disruptions?
The world will become less interdependent due to supply chain changes
Resilience of supply chains is guaranteed with proper planning
The rising cost of doing business will not impact supply chain resilience
Markets can adjust fairly well to disruptions
According to the article, what is the main concern for governments and companies regarding supply chains?
The rise of autocracies in the global trading system
The impact of the pandemic on global supply chains
Deliberate weaponization by leaders like Vladimir Putin
Efficiency in global markets
What is the conclusion drawn in the article regarding the resilience of supply chains in the face of disruptions?
The world will become less interdependent due to supply chain changes
Resilience of supply chains is guaranteed with proper planning
The rising cost of doing business will not impact supply chain resilience
Markets can adjust fairly well to disruptions
According to the article, what is the main reason for the decline in manufacturing employment in the rich world?
Technological improvements
Trade with China
Global economic recession
Labour force participation
What is the main concern regarding the impact of rich countries producing more at home on developing economies?
Fiscal subsidies
Enhanced technology transfer
Increased trade opportunities
Loss of lucrative employers
What is the estimated impact of global reshoring on extreme poverty by 2030 according to the World Bank?
52 million people into extreme poverty
10 million people into extreme poverty
No impact on poverty
100 million people out of extreme poverty
What is the main argument against the shift towards homeland economics and industrial policies?
Globalisation has led to political harmony as expected
Globalisation has been ineffective in maintaining supply chains
Globalisation has not benefited the world's poor
Globalisation has caused a decline in productivity growth
What is the potential consequence of the shift towards protectionism and industrial policy on global supply chains?
Supply chains are likely to become more resilient
Growth in productivity and GDP is likely to accelerate
Supply chains are likely to become less resilient
Poor countries will be able to match the fiscal power of richer places
What is the likely outcome of the erosion of the multilateral trading system and Western countries' loss of credibility as champions of free trade?
It will encourage more protectionism
It will lead to a decrease in subsidies
It will speed up the transition to a more carbon-intensive economy
It will lead to a decrease in fiscal consequences of lower productivity
