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 not a result of globalisation?
Increased international trade
A lesser dependence on the global economy
Multi-national corporations
What is not a reason for globalisation?
Trade barriers
Improved telecommunications
Freedom of trade
What is not a feature of multi-national corporations?
They operate in many countries worldwide
They inwardly invest in other countries by building a factory or opening a shop
They originate from developing countries
What is not a factor that attracts multi-national corporations to a country.
Cheap labour
Access to markets where goods are sold
Unfriendly government policies
What is not a positive impact of globalisation?
Profits leaving the host country
New jobs and skills
Investment in the local economy, eg education
What is the difference between the value of a country's exports and imports known as?
Trade balance
Trade surplus
Trade deficit
What is not a cause of trade inequalities?
International debt
Natural disasters
Abundant natural resources
What is not an impact of world trade patterns on the environment?
Low standards of living
Water pollution
Land degradation
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