Chapt 9 Economic impacts globalisation quiz

Which concept refers to the collaboration between unions, employers, and the government in Singapore?

• Globalisation

• Multinational Corporations

• Tripartism

• Foreign Direct Investment

What has tripartism helped boost in Singapore?

• Inflation

• Economic competitiveness

• Population growth

• Unemployment

What are the benefits of Foreign Direct Investments (FDIs) to a country?

What type of employment may be at risk due to advancements in automation and artificial intelligence?

• High-skilled jobs

• Creative jobs

• Jobs requiring limited skills

• Entrepreneurial jobs

How does globalisation potentially affect individuals with better education and skills?

• They face higher unemployment rates

• They have increased job opportunities

• They are unaffected by globalisation

• They lose their jobs to automation

Why do some locations have fewer economic opportunities in a globalised world?

• They are less connected to global flows of goods and services

• They have better infrastructure

• They have higher populations

• They receive more foreign direct investment

What is the impact of the Russia-Ukraine crisis on countries?

• It affects all countries equally

• It leads to job creation globally

• It causes economic vulnerability in interconnected economies

• It promotes economic growth

What is the term used to describe the integration of economies around the world into one system?

• Tripartism

• International trade

• Global economy

• Localisation

What role do multinational corporations (MNCs) play in the global economy?

• They reduce the flow of capital

• They facilitate international investments and economic growth

• They isolate economies

• They limit technological advancements

Why do countries trade with one another?

• To decrease their economic growth

• To obtain goods and services they cannot produce or that are cheaper/better quality elsewhere

• To increase isolation from the global market

• To reduce their GDP