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Gillespie: Foundations of Economics
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Gillespie: Foundations of Economics

Unit 34

Instructions

Choose your answers from a-d by clicking the radio button next to each choice and then press 'Submit' to get your score.

Question 1

Which of the following is not a global organisation?

a) IMF

b) World Bank

c) Competition Commission

d) WTO

Question 2

Globalisation is likely to increase with:

a) More protectionism

b) An increase in tariffs

c) More trade within countries

d) Greater trade flows between countries

Question 3

A multinational business:

a) Sells products abroad

b) Produces in more than one country

c) Imports from abroad

d) Sells only domestically

Question 4

Which of the following best describes the selling of a production licence to another firm?

a) Hands over all rights to its products

b) Sells its products abroad

c) Sells the right to produce to another business

d) Sells the business to another business

Question 5

Globalisation is made more difficult by:

a) The actions of the World Trade Organisation

b) The removal of protectionist measures

c) Exchange rate instability

d) More free trade agreements

Question 6

Finding a partner to work with abroad is called a:

a) Takeover

b) Merger

c) Acquisition

d) Joint venture

Question 7

Some pressure groups oppose globalisation. The best economic reason for opposition would be:

a) World trade may increase

b) The marginal social benefits of globalisation are less than the marginal social costs

c) Global standards of living may rise

d) World income inequality may increase

Question 8

The UK would not have attracted inward investment because:

a) It is within the European Union

b) English is a common world wide language

c) It has a stable economic system

d) A strong pound may have made it cheaper for foreign buyers to purchase UK companies

Question 9

Why might a country resist globalisation?

a) Greater choice of final products

b) Greater choice of supplies

c) Greater competition for domestic firms

d) More markets to sell to

Question 10

World trade has been increasing due to:

a) Increased tariffs

b) Increased legal barriers

c) Increased embargoes

d) Reduced protectionism

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Oxford University Press, Online Resource Centre, Unit 34.