Globalisation Quiz

What is globalisation?

• The isolation of countries to protect local economies.

• The process of the world becoming more interconnected through trade and cultural exchange.

• The reduction of international trade barriers.

• The increase in local production and consumption.

Which of the following is a positive impact of globalisation?

• Increased pollution in developing countries.

• Increased local unemployment.

• Inward investment by TNCs providing new jobs and skills.

• Loss of cultural diversity.

What is a multinational corporation (MNC)?

• A company that only trades locally.

• A company that does not engage in international trade.

• A company that operates in several countries.

• A company that operates in only one country.

Which of the following is a reason for globalisation?

• Higher local production costs.

• Improvements in transportation.

• Increased trade barriers.

• Decreased communication technology.

What role do LEDCs play in the global market according to critics?

• Providing high-cost labor and materials.

• Dominating world trade.

• Providing cheap labor and raw materials.

• Setting international trade standards.

What is inward investment?

• When a company focuses on local markets.

• When a company invests in its own country.

• When a company reduces its international operations.

• When a foreign company invests in another country.

Which organization promotes free trade between countries?

• World Health Organization (WHO)

• World Trade Organization (WTO)

• United Nations (UN)

• International Monetary Fund (IMF)

What is a negative impact of globalisation?

• Increased local employment.

• Greater cultural diversity.

• Domination of world trade by rich countries.

• Improved environmental standards.

Which factor attracts TNCs to a country?

• Limited market access

• Cheap raw materials

• Strict government policies

• High labor costs

What is a concern related to globalisation and cultural diversity?

• Globalisation has no impact on culture.

• Globalisation may threaten cultural diversity.

• Globalisation enhances local traditions.

• Globalisation only affects economic policies.