Lesson 4.1.3
4.1.3 Factors contributing to globalisation Quiz: Pearson Edexcel Business, Unit 4
20 questions
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Lesson 4.1.3, Factors contributing to globalisation: 20 multiple choice questions for the Pearson Edexcel Business (9BS0), Unit 4: Global business, written with Revision Ninja.
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The 20 questions
-
A reduction in trade barriers between countries is known as:
- Import quota
- Trade liberalisation
- Currency devaluation
- Protectionism
-
Which term describes a firm with extensive operations and sales across multiple countries managed globally?
- Sole trader
- Worker cooperative
- Domestic partnership
- Transnational company
-
Which major political shift helped open former command economies to international trade?
- Increased domestic tariffs
- Stricter border controls
- Nationalised domestic industries
- Eastern bloc reforms
-
What economic effect results from significantly reduced costs of global transport and communication?
- Slower freight delivery
- Restricted information flow
- Cheaper supply chains
- Higher import tariffs
-
What term describes an economy's shift in output and employment from primary to tertiary sectors?
- Monetary inflation
- Fiscal contraction
- Business cycle
- Structural change
-
How does international labour migration primarily contribute to globalisation?
- Spreading workforce skills
- Eliminating wage differences
- Reducing global populations
- Halting cross-border travel
-
How does online retail accelerate globalisation for smaller businesses?
- Enabling global sales
- Mandating local stores
- Banning overseas buyers
- Increasing shipping taxes
-
A good priced at 200 faces a tariff of 10% on import. What is its price after the tariff is added?
- 210
- 220
- 180
- 2,000
-
What is the direct result of a government relaxing restrictions on inward foreign direct investment?
- Fewer multinational firms
- Higher export quotas
- More foreign assets
- Stricter capital controls
-
What economic metric is most directly increased by the reduction of global trade barriers?
- Trade volume
- Inflation level
- National debt
- Unemployment rate
-
Besides technology, which factor is widely recognised as a primary driver of globalisation?
- Stricter import quotas
- Increased local isolation
- Trade liberalisation
- Higher domestic taxes
-
Which sector's growth has primarily driven the UK's structural shift toward globalisation?
- Service industries
- Heavy manufacturing
- Subsistence farming
- Coal mining
-
What advantage does a growing global labour force provide to multinational businesses?
- Fixed local staffing
- Larger talent pool
- Guaranteed zero wages
- Zero training needs
-
What main advantage does foreign direct investment bring to a recipient country?
- Technology transfer
- Increased import quotas
- Higher tariffs
- Trade retaliation
-
What impact do falling transport costs have on a firm's choice of location?
- Increased trade tariffs
- Higher local prices
- Domestic market concentration
- Offshoring production
-
Which organisation promotes trade liberalisation through global negotiations?
- World Bank
- International Monetary Fund
- World Trade Organisation
- United Nations
-
What primary risk does a firm face by using a global supply chain?
- Reduced supply costs
- Lower production costs
- Supply chain disruption
- Higher market share
-
What is a potential economic concern associated with high net immigration?
- Decreased economic growth
- Rising export tariffs
- Lower labour supply
- Pressure on infrastructure
-
How do transnational corporations drive the process of globalisation?
- Restricting migration
- Enforcing trade quotas
- Cross-border investment
- Raising import tariffs
-
Which policy factor can slow down or reverse the trend of globalisation?
- Deregulation
- Trade liberalisation
- Protectionism
- Technological innovation
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