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Questions and Answers
How do prices of similar goods in two markets tend to behave according to the text?
How do prices of similar goods in two markets tend to behave according to the text?
- They tend to increase due to scarcity.
- They tend to decrease due to heavy competition.
- They tend to fluctuate based on demand and supply.
- They tend to become equal over time. (correct)
What is one of the main impacts of foreign trade between countries as per the text?
What is one of the main impacts of foreign trade between countries as per the text?
- Reduction in consumer choices.
- Decrease in competition between producers in different countries.
- Integration of markets in different countries. (correct)
- Increased isolation of markets in different countries.
How has foreign investment by MNCs changed in the past few decades according to the text?
How has foreign investment by MNCs changed in the past few decades according to the text?
- It has shifted focus from cheap locations to premium locations.
- It has decreased due to global economic challenges.
- It has been increasing, looking for cheaper production locations globally. (correct)
- It has remained stable without significant changes.
What role do MNCs play in controlling a large part of foreign trade according to the text?
What role do MNCs play in controlling a large part of foreign trade according to the text?
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How does globalisation impact the search for production locations by MNCs?
How does globalisation impact the search for production locations by MNCs?
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