Superpowers have a significant influence over the global economic system (Edexcel A-Level Geography): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What economic system has dominated the world since the Cold War?
What economic system has dominated the world since the Cold War?
Free-market capitalism
What type of economic system has China moved towards from socialism?
What type of economic system has China moved towards from socialism?
State capitalism
What does free trade involve?
What does free trade involve?
Exchange free of taxes & tariffs
What condition does the World Bank require for loans?
What condition does the World Bank require for loans?
No corruption
What is the WTO's main aim?
What is the WTO's main aim?
Open trade & reduce protectionism
How many of the 100 richest entities are corporations, not governments?
How many of the 100 richest entities are corporations, not governments?
69
What allows TNCs to outcompete smaller companies?
What allows TNCs to outcompete smaller companies?
Economies of scale
How is brand value measured?
How is brand value measured?
Market share, opinion & loyalty
Which is NOT a characteristic of Westernisation?
Which is NOT a characteristic of Westernisation?
State-controlled economy
What protects new technology under intellectual property law?
What protects new technology under intellectual property law?
Patents