Question 1

Which of the following countries is a member of ASEAN?

Accepted Answer

All the listed countries, Brunei, Indonesia, Thailand, and Vietnam, are members of the Association of Southeast Asian Nations (ASEAN).

Question 2

Commodity flows could be explained by reference to all of the following variables EXCEPT?

Accepted Answer

The answer of Commodity flows could be explained by reference...

Question 3

What are tariffs?

Accepted Answer

Tariffs are taxes or duties that a government applies to imported goods to protect domestic industries, generate revenue, or both.

Question 4

Which of the following refers to when member states not only remove trade barriers between themselves but impose a common tariff barrier?

Accepted Answer

A customs union refers to an agreement between two or more countries to remove trade barriers between themselves and adopt a common external tariff on imports from non-member countries. This means they agree on the tariffs and possibly other trade policies for goods coming from outside the union.

Question 5

Which of the following is the loosest form of integration?

Accepted Answer

The answer of Which of the following is the loosest...

Question 6

Which of the following countries is NOT a member of the EU?

Accepted Answer

Switzerland is not a member of the European Union (EU). It has chosen to remain outside the EU, though it has numerous agreements with the EU and participates in the Schengen Area.

Question 7

Which of the following acronyms represents the Canadian name of the new agreement between Canada, the United States and Mexico?

Accepted Answer

The answer of Which of the following acronyms represents the...

Question 8

The South American economic grouping of Argentina, Brazil, Paraguay, Uruguay, and Venezuela is commonly referred to as which of the following?

Accepted Answer

MERCOSUR is the correct answer because it stands for the Southern Common Market, which is an economic and political bloc comprising Argentina, Brazil, Paraguay, Uruguay, and Venezuela.

Question 9

Where are most of the transnational companies based?

Accepted Answer

Most transnational companies are based in the United States, Europe, and Japan. These regions are home to many of the world's largest economies and have the infrastructure, market size, and capital necessary to support large multinational corporations.

Question 10

Approximately how many countries have a gross national income (GNI) larger than the sales of Walmart?

Accepted Answer

Walmart's sales are comparable to the GDP of some of the world's largest economies. As of recent data, around 20-29 countries have a GNI larger than Walmart's sales.

Question 11

Direct investment by a government or multinational corporation in another country is known as which of the following?

Accepted Answer

The answer of Direct investment by a government or multinational...

Question 12

Why are transnational corporations able to undermine national economies?

Accepted Answer

They operate not just within countries but between them, allowing them to take advantage of different economic conditions and regulations.

Question 13

What is the approximate foreign employment figure for the Swiss-based Nestlé?

Accepted Answer

Nestlé, the Swiss-based multinational, has a vast majority of its employment base located outside of Switzerland, with over 90% of its workforce based in foreign countries, fitting the 81-100 per cent category.

Question 14

Which of the following transnational companies had the highest revenue in 2017?

Accepted Answer

Walmart had the highest revenue in 2017 among the options listed, maintaining its position as the world's largest company by revenue in the Fortune Global 500 list for that year.

Question 15

In general, countries that are major sources of foreign direct investment (FDI) are also which of the following?

Accepted Answer

The answer of In general, countries that are major sources...

Question 16

North America had an FDI inflow of approximately what value in 2017 (US$ billions)?

Accepted Answer

The answer of North America had an FDI inflow of...

Question 17

Technology, mass production, and mass marketing are characteristics of which of the following?

Accepted Answer

The answer of Technology, mass production, and mass marketing are...

Question 18

Which country has declared Internet access to be a basic human right?

Accepted Answer

Finland was the first country in the world to declare Internet access a basic human right in 2010.

Question 19

A more developed country, such as Iceland, has nearly 100 per cent of their population connected to the Internet, where a less developed country, such as Somalia, only has what per cent of their population connected?

Accepted Answer

Less developed countries like Somalia have significantly lower internet connectivity rates, often falling within the 0-20 per cent range due to factors like infrastructure challenges and economic barriers.

Question 20

Which of the following is TRUE about the global digital divide?

Accepted Answer

The global digital divide refers to the gap between individuals, households, businesses, and geographic areas at different socio-economic levels with regard both to their opportunities to access information and communication technologies (ICTs) and to their use of the Internet for a wide variety of activities. It is considered a form of poverty because it reflects and exacerbates existing economic inequalities by limiting access to digital resources and opportunities.

Quiz 11: Geographies of Globalization