Lesson 4.1.1

4.1.1 Globalisation Quiz: Pearson Edexcel Economics, Unit 4

20 questions

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Lesson 4.1.1, Globalisation: 20 multiple choice questions for the Pearson Edexcel Economics (9EC0), Unit 4: Theme 4: A global perspective, written with Revision Ninja.

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The 20 questions

  1. Which term describes the increasing integration and interdependence of world economies?

    • Protectionism
    • Financialisation
    • Globalisation
    • Nationalisation

  2. Which transport innovation significantly reduced trade costs over the last 50 years?

    • Containerisation
    • Air freight
    • Palletisation
    • Standardisation

  3. Which factor has contributed significantly to globalisation over the last 50 years?

    • Rising trade barriers
    • Increased capital controls
    • Falling communication costs
    • Higher transport tariffs

  4. What name is given to a business that operates production or service facilities in multiple countries?

    • Public enterprise
    • Export agency
    • Multinational corporation
    • Domestic monopoly

  5. How does globalisation primarily benefit consumers in a developed economy?

    • Lower prices
    • Fewer choices
    • Higher tariffs
    • Reduced competition

  6. Which main negative impact can globalisation have on manufacturing workers in high-income countries?

    • Higher wages
    • Job losses
    • Reduced mobility
    • Increased pensions

  7. What is a major benefit for host countries receiving foreign direct investment from multinationals?

    • Brain drain
    • Higher tariffs
    • Resource depletion
    • Job creation

  8. Which negative environmental impact is directly associated with increased international trade?

    • Lower resource use
    • Higher carbon emissions
    • Decreased pollution
    • Increased biodiversity

  9. What is a main economic consequence of removing tariffs on imported goods?

    • Higher consumer prices
    • Increased import competition
    • Reduced import volume
    • Increased government revenue

  10. How has globalisation generally affected income inequality within many developed nations?

    • Eliminated poverty
    • Decreased inequality
    • Increased inequality
    • Stabilised wages

  11. Why might globalisation restrict a government's ability to raise corporation tax rates?

    • Import quotas
    • Strict inflation targets
    • Fixed exchange rates
    • Capital flight risks

  12. Which factor best demonstrates the globalisation of labour?

    • Capital controls
    • Cross-border migration
    • Local hiring quotas
    • Export subsidies

  13. What term describes production processes spread across multiple countries to reduce costs?

    • Bilateral agreement
    • Domestic monopoly
    • Global supply chain
    • Trade quota

  14. What does the phrase 'race to the bottom' describe in global economics?

    • Strengthening trade tariffs
    • Increasing tax rates
    • Raising minimum wages
    • Lowering environmental regulations

  15. Which mechanism allows multinational companies to minimise their global tax liabilities?

    • Import tariffs
    • Transfer pricing
    • Subsidy allocation
    • Exchange rate manipulation

  16. How does foreign direct investment (FDI) directly improve productivity in a host economy?

    • Technology spillovers
    • Import tariffs
    • Capital flight
    • Currency devaluation

  17. Which of the following is an economic dimension of globalisation?

    • Cultural homogenisation
    • Capital flows
    • Shared languages
    • Political integration

  18. Which sector did high-income economies specialise in as manufacturing moved to emerging markets?

    • Agriculture
    • Primary sector
    • Service sector
    • Heavy manufacturing

  19. What is a major negative impact on the home economy when a firm offshores production?

    • Structural unemployment
    • Wage inflation
    • Demand-pull inflation
    • Revenue growth

  20. Which metric best demonstrates rising living standards in developing economies after trade liberalisation?

    • Real GDP growth
    • Lower life expectancy
    • High tariff rates
    • Capital flight

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