Globalisation Quiz

What is the aim of the World Trade Organization (WTO)?

• To increase trade barriers

• To reduce trade barriers within and between trade blocs

• To eliminate all forms of trade

• To promote isolationism

What is a key player in determining the terms of trade and enhancing globalisation?

• National governments

• The World Trade Organization (WTO)

• Local businesses

• Individual consumers

Which trade bloc includes countries like Argentina, Brazil, and Uruguay?

• ASEAN

• MERCOSUR

• EU

• COMESA

What is the significance of the Doha Round of talks?

• It started in 2001 and focuses on increasing trade barriers

• It started in 2001 and focuses on reducing trade barriers

• It started in 1990 and focuses on eliminating trade

• It started in 1990 and focuses on promoting isolationism

What is a "tariff"?

• A tax on exported goods

• A tax on imported goods and services

• A tax on local manufacturing

• A tax on digital services

What is a "trade bloc"?

• An agreement between regions to reduce trade barriers

• A tax on imported goods

• A strategy to increase local manufacturing

• A method to outsource services

What is the MSC Oscar known for?

• Being the fastest ship

• Being the largest container ship built so far

• Being the oldest ship

• Being the smallest container ship

What is a highly visible aspect of globalisation according to the text?

• The rise of global brands

• The decline of local markets

• The increase in air travel

• The reduction of communication technology

What has the development of communications technology made possible?

• Larger cargoes

• Instant global recognition

• A smaller world

• Increased air travel

What has enhanced globalisation in air travel?

• Larger and faster aircraft

• Cheaper tickets

• More airports

• Increased security