P3 Global Networks and Flows Quiz

Why are global networks and flows crucial in today's world?

• They help maintain cultural heritage

• They ensure political stability

• They are crucial to understanding how countries and economies are interdependent

• They promote environmental conservation

What is the role of remittances in global networks and flows?

• They are unrelated to global networks

• They are a form of international aid

• They are a significant aspect shaping the world

• They are a type of cultural exchange

How can corruption affect international aid?

• It increases the efficiency of aid distribution

• It ensures aid reaches those in need

• It leads to misuse of resources

• It promotes transparency

What can prolonged aid cause in local economies?

• Increased self-sufficiency

• Economic growth

• Reliance on external help

• Technological innovation

Which of the following is NOT a type of international aid mentioned?

• Humanitarian Aid

• Development Aid

• Military Aid

• Economic Aid

What is a negative effect of loans mentioned in the text?

• Predatory lending

• Increased employment

• Higher education rates

• Improved healthcare

What consequence did Sri Lanka face due to loan default?

• Leased a major port to China for 99 years

• Increased taxes

• Reduced healthcare spending

• Closed universities

What happened during the 2008 financial crisis in the USA regarding remittances?

• Remittances increased significantly

• Mexican immigrants struggled financially

• Remittances were unaffected

• Remittances were banned

How do remittances impact local economies?

• They decrease the availability of goods

• They provide funds for education and healthcare

• They reduce the need for international aid

• They increase the cost of living

What is a potential risk of relying heavily on remittances for a country's economy?

• Increased foreign investment

• Economic instability if remittances decrease

• Improved trade relations

• Higher employment rates