Globalisation (HSC SSCE Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What does globalisation refer to?
What does globalisation refer to?
Integration of national economies worldwide
How many key indicators demonstrate economic globalisation?
How many key indicators demonstrate economic globalisation?
Five indicators
What was the value of global exports in 2022?
What was the value of global exports in 2022?
27.9 trillion USD
Which category represents the fastest-growing component of global trade?
Which category represents the fastest-growing component of global trade?
Commercial services
Which economic sector is the most globalised?
Which economic sector is the most globalised?
Finance
What ownership percentage defines Foreign Direct Investment (FDI)?
What ownership percentage defines Foreign Direct Investment (FDI)?
10% or more
What proportion of global trade do TNCs account for?
What proportion of global trade do TNCs account for?
Roughly half
What percentage of the global population used the internet in 2022?
What percentage of the global population used the internet in 2022?
67%
What percentage of world population are migrant workers?
What percentage of world population are migrant workers?
Approximately 2%
What does comparative advantage mean for economies?
What does comparative advantage mean for economies?
Specialise in lowest opportunity cost