What Is Globalisation? (Grade 11 NSC Matric 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 primarily describe?
What does globalisation primarily describe?
Increasing interconnection between nations
How have communication improvements contributed to globalisation?
How have communication improvements contributed to globalisation?
Made communication cheap, quick & reliable
What is meant by 'free movement of capital' in globalisation?
What is meant by 'free movement of capital' in globalisation?
Money flows easily between countries
What are multinational companies?
What are multinational companies?
Firms producing in multiple countries
Why do multinational companies relocate to certain countries?
Why do multinational companies relocate to certain countries?
To access cheaper labour
When was the World Trade Organisation (WTO) established?
When was the World Trade Organisation (WTO) established?
1995
What is a primary aim of the WTO?
What is a primary aim of the WTO?
Reduce tariffs on imported goods
Which organisation provides loans to improve developing countries' economies?
Which organisation provides loans to improve developing countries' economies?
World Bank
What is an advantage of globalisation for consumers?
What is an advantage of globalisation for consumers?
Access to a wider range of products
What is a major disadvantage of globalisation?
What is a major disadvantage of globalisation?
Increasing inequality between rich & poor