Lesson 2.2.1.2
2.2.1.2 Why has trade become increasingly complex? Quiz: OCR Geography, Unit 4
20 questions
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Lesson 2.2.1.2, Why has trade become increasingly complex?: 20 multiple choice questions for the OCR Geography (H481), Unit 4: Global Connections, written with Revision Ninja.
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The 20 questions
-
What term describes the relocation of business processes to an external foreign provider?
- Protectionism
- Containerisation
- Fairtrade
- Outsourcing
-
Trade conducted directly between two emerging or developing nations is known as what?
- Intra-regional trade
- South-South trade
- North-North trade
- North-South trade
-
Which major transport innovation drastically reduced ocean freight shipping costs and handling times?
- Just-in-time delivery
- Trade tariffs
- Containerisation
- Free trade zones
-
Which economic sector accounts for the rapid global growth in invisible exports?
- Secondary sector
- Primary sector
- Agricultural sector
- Tertiary sector
-
What type of alliance do neighbouring countries form to reduce trade barriers together?
- Non-governmental organisation
- Sovereign wealth fund
- Trading bloc
- Transnational corporation
-
The spatial reallocation of manufacturing from ACs to lower-cost EDCs is termed what?
- Market saturation
- Global shift
- Trade deficit
- Comparative advantage
-
What type of trade barrier places a direct tax on imported goods?
- Subsidy
- Quota
- Tariff
- Embargo
-
Economic interdependence occurs when nations rely on each other for key trade in what?
- Political governance
- Goods and services
- Military defence
- Cultural customs
-
A trainer designed in Germany but assembled in Vietnam illustrates which modern concept?
- Global supply chain
- Trade embargo
- Protectionist policy
- Import substitution
-
India providing software development and customer service to UK banks represents growth in what?
- Raw material trade
- Service trade
- Heavy industrial trade
- Primary commodity trade
-
A Brazilian firm selling farm machinery directly to a buyer in Kenya exemplifies what?
- North-North trade
- North-South trade
- South-North trade
- South-South trade
-
When a nation imports goods of greater monetary value than it exports, it experiences what?
- Trade deficit
- Foreign investment
- Trade embargo
- Trade surplus
-
Money sent home by foreign workers to their families in their origin country is called what?
- Official development assistance
- Bilateral aid
- Remittances
- Foreign direct investment
-
The EU allowing unrestricted movement of goods, capital, services, and labour is an example of what?
- Single market
- Trade embargo
- Customs union
- Free trade area
-
A UK company relocating its call centre operations to India is primarily attempting to lower what?
- Labour costs
- Transport tariffs
- Carbon emissions
- Exchange rates
-
An EDC relying almost entirely on a single agricultural crop for export earnings suffers from what?
- Political stability
- Labour mobility
- Market dominance
- Economic vulnerability
-
How do modern just-in-time manufacturing systems affect international transport requirements?
- Increase warehouse size
- Reduce trade volume
- Demand rapid transport
- Eliminate digital communication
-
What major political benefit often arises when nations build deep economic trade interdependence?
- Enhanced political stability
- Reduced GDP growth
- Higher trade tariffs
- Lower labour mobility
-
How does increased international labour mobility directly influence global trade cash flows?
- Generates remittance flows
- Eliminates foreign aid
- Prevents outsourcing
- Reduces service exports
-
Why do peripheral LIDC economies typically exert limited power during global trade negotiations?
- High tariff barriers
- Low economic power
- Strict trade quotas
- Excessive export volume
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