What is the difference between imports and exports?
Imports leave a country and exports are brought into a country
Imports and exports are both brought into a country
Imports are brought into a country and exports leave a country
What is one result of globalisation?
Increased international trade
Less dependence on the global economy
Fewer multi-national corporations
What factor has led to an increase in globalisation?
Trade barriers
Restricted telecommunications
Freedom of trade
What is a feature of multi-national corporations?
They operate in many countries worldwide
They fail to invest in the local economy, eg education
They originate from developing countries
What factors attract multi-national corporations to a country?
Cheap labour
Access to local markets
Unfriendly government policies
What is the difference between the value of a country's exports and imports known as?
Trade balance
Trade surplus
Trade deficit
What is a trade alliance?
When farmers are paid a fair price for their produce
A group of countries who join together to make it easier to trade
When crops are produced in a way that doesn't irreparably damage the environment