Q.1
Which of the following is not a factor that has influenced globalization?
  • Quarrying for building materials
  • TV
  • Internet
  • Bigger and faster ships
Q.2
Why do some people think that globalization is not a good thing?
  • Globalization will drown out some local traditions and languages
  • Globalization does not guarantee that local economies will benefit
  • International laws about employment conditions and pollution are not enforced
  • All of the above
Q.3
Which of the following statements about globalization is true?
  • Larger and faster cargo ships mean that it costs a lot more to transport raw materials and finished goods
  • Large companies can take advantage of cheaper labor costs and reduced legal restrictions in LEDCs
  • It has reduced the amount of free trade between countries
  • It is a lot harder to communicate with people in other countries than it was in the 1950s
Q.4
Which of the following is not a transnational corporation?
  • An Indian restaurant in the UK
  • Motor car manufacturers like Ford and Toyota
  • Food companies like McDonalds and KFC
  • Oil companies like Shell
Q.5
A positive benefit of globalization is ...
  • it uses up raw materials
  • it opens up new markets for companies to sell their products and services
  • it lowers the wages for the local workforce
  • local farmers can grow more food
Q.6
The term economy of scale means ...
  • a reduction in costs because of a large quantity
  • the economy of a nation that depends on fishing
  • an internationally recognized scale that is used to measure whether a country is a MEDC or LEDC
  • a way of measuring the profitability of a TNC
Q.7
Which of the following is not a result of globalization?
  • An increase in international trade
  • Closing the gap between the world's richest and poorest countries
  • Interdependent economies
  • Freer movement of money, services and goods
Q.8
Which of the following is a negative impact of globalization?
  • Jobs can be lost in MEDCs
  • New jobs are created in LEDCs
  • Foreign currency is introduced into the local economy
  • Mixing of people from different cultures
Q.9
Which of the following factors is most likely to attract an MNC to invest in a foreign country?
  • Workers receive a high average wage
  • Lack of raw materials
  • Raw materials are cheaper
  • Good tourist attractions
Q.10
When a company invests in a foreign country it is called ...
  • a gamble
  • outward investment
  • inward investment
  • speculative investment
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