International Dimensions
Quiz by Jelani Brown
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8 questions
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- Q1What is one advantage of UK free trade policies?Users re-arrange answers into correct orderJumble30s
- Q2What is the term used to define a nation's comparative advantage?Comparative advantageSpecializationTrade deficitOpportunity cost30s
- Q3What are the advantages of UK protectionist trade policies?Lower consumer pricesProtection of domestic industries and jobsGreater market efficiencyIncreased competition and innovation30s
- Q4What is the effect of globalization on the UK labour market?Decreased productivityHigher wages and stable employmentLimited job opportunitiesIncreased competition and job insecurity30s
- Q5What is the definition of comparative advantage?A country's ability to protect domestic industries from foreign competitionA country's ability to produce more goods or services than other countriesA country's ability to produce a good or service at a lower opportunity cost than other countriesA country's ability to import goods and services at a lower cost30s
- Q6What are the advantages of UK free trade policies?Increased market accessHigher import tariffsReduced domestic competitionLimited trade agreements30s
- Q7What are the positive effects of globalization in the UK and two other national economies?Higher unemployment ratesReduced income inequalityIncreased economic growth and investmentProtection of domestic industries30s
- Q8Who provides a definition of the term 'Globalisation'?JournalistsScholarsBusiness leadersPoliticians30s