Theme 4 Globalisation

1. The Human Development Index (HDI) solely measures a country's economic output without considering factors like education or life expectancy.   TRUE / FALSE

• true

• false

1. _______is a regional organisation comprising ten Southeast Asian countries focused on promoting political and economic cooperation, stability, and cultural exchange among its member states.

1. What is a drawback that a host country might experience from Foreign Direct Investment.

• Increased employment opportunities for local workers.
• Improvement of local infrastructure and services.
• Transfer of advanced technology to local firms.
• Repatriation of profits leading to capital outflow.

1. Trade opportunities for businesses are only available in developed countries and are non-existent in developing nations.  TRUE / FALSE

• True

• False

1. What is a potential benefit of a country engaging in international trade?

• Complete economic isolation.

• Access to a wider variety of goods and services.

• Increased tariffs on imported goods.

• Reduction in domestic production capabilities.

1. Employment patterns remain constant over time and are unaffected by technological advancements or economic changes.  

TRUE / FALSE

• True

• False

1. GDP per capita is always a reliable indicator of a country's overall well-being and the income distribution among its citizens.  

TRUE / FALSE

• true

• false

1. __________ involves reducing trade barriers, with the WTO playing a key role in promoting fair and open global trade.

• Trade protectionism
• Economic isolationism
• Import restrictions
• Trade liberalisation

1. What could be a potential risks for a country that overly specialises in one industry or sector?

• Enhanced international trade relations.
• Increased job security across all sectors.
• Economic vulnerability and lack of diversification.
• Greater innovation in technology sectors.

1. _________was a trade agreement between the United States, Canada, and Mexico aimed at eliminating trade barriers and promoting economic cooperation among the three countries, later replaced by the USMCA.