Lesson 2.2.1.1
2.2.1.1 What are the contemporary patterns of international trade? Quiz: OCR Geography, Unit 4
20 questions
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Lesson 2.2.1.1, What are the contemporary patterns of international trade?: 20 multiple choice questions for the OCR Geography (H481), Unit 4: Global Connections, written with Revision Ninja.
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The 20 questions
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What term describes tangible, physical goods traded internationally between different countries?
- Capital
- Services
- Merchandise
- Remittances
-
What component of international trade includes intangible economic activities like banking and tourism?
- Foreign direct investment
- Services
- Merchandise
- Commodities
-
What component of international trade refers to financial assets, investments, and money flows across borders?
- Tariffs
- Merchandise
- Capital
- Services
-
Trade between countries located within the exact same geographical region is called what?
- Transatlantic trade
- Inter-regional trade
- South-South trade
- Intra-regional trade
-
Trade conducted between two entirely different geographical regions of the world is known as what?
- Intra-regional trade
- Bilateral trade
- Inter-regional trade
- Localised trade
-
What term describes trade conducted specifically between developing countries or emerging economies?
- South-South trade
- North-South trade
- North-North trade
- Intra-nation trade
-
Which composite metric measures socio-economic development using health, education, and income indicators?
- Human Development Index
- Genuine Progress Indicator
- Corruption Perceptions Index
- Gross National Product
-
What financial flow occurs when foreign companies invest directly in local businesses or infrastructure?
- Official Development Assistance
- Profit repatriation
- Bilateral aid
- Foreign Direct Investment
-
A German car manufacturer purchasing components from a French supplier represents which trade pattern?
- Inter-regional trade
- Domestic trade
- Intra-regional trade
- South-South trade
-
An agricultural export flow from Kenya to the UK is an example of which trade pattern?
- Localised trade
- Inter-regional trade
- South-South trade
- Intra-regional trade
-
A country with high export values and high HDI scores typically demonstrates which characteristic?
- Persistent food insecurity
- Economic isolation
- Low economic stability
- High socio-economic development
-
Skilled workers migrating to high-income trading partners represent which specific type of flow?
- Flow of technology
- Flow of merchandise
- Flow of capital
- Flow of people
-
A multinational corporation transferring advanced machinery to a factory in an EDC represents which flow?
- Flow of people
- Flow of services
- Flow of capital
- Flow of technology
-
Unfair trade terms leading to resource exploitation in developing nations primarily cause which outcome?
- Economic convergence
- Injustices and inequality
- Political stability
- Rapid price deflation
-
What 21st-century advancement has significantly increased connectivity within global trade supply chains?
- Strict trade embargoes
- Reduced shipping capacity
- Import tariffs
- Digital technology
-
An EDC shifting its export focus towards software development and banking reflects growth in what?
- Heavy industry sector
- Primary agricultural sector
- Merchandise sector
- Services sector
-
How can international trade flows directly foster political stability between partner nations?
- Restricting border mobility
- Imposing trade tariffs
- Increasing economic interdependence
- Eliminating foreign investment
-
Brain drain in developing nations exporting talent is an example of what trade negative impact?
- Capital flow growth
- Labour flow inequalities
- Technology transfer gains
- Trade bloc stability
-
What structural issue arises when EDCs depend exclusively on exporting primary raw materials?
- Guaranteed trade surpluses
- High human development
- Price shock vulnerability
- Equal wealth distribution
-
How do regional trading blocs like the EU primarily increase intra-regional trade among members?
- Restricting capital flows
- Removing trade tariffs
- Increasing customs duties
- Quoting export quotas
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