Question 1
What is the least likely feature of globalisation?
A
integration of trade
B
international capital flows
C
the spread of multinational companies
D
unrestricted movement of labour
Question 2
[Maximum number: 1]
A government imposes tariffs on imported goods.
What is not a likely reason for this?
A
to boost domestic output
B
to influence the country's balance of payments
C
to protect domestic employment
D
to reduce the exports from the country
D
Question 3
[Maximum number: 1]
An economy raises its tariffs on imported goods.
What is the most likely result?
A
a fall in the rate of inflation
B
an increase in consumer choice
C
an increase in domestic production
D
the current account of the balance of payments moves into a deficit
C
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