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MNCs and Globalization Quiz

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Questions and Answers

What is the main factor driving greater integration of production and markets across countries?

Increased consumer demand for global products
Government policies promoting trade
Rising labor costs in developed countries
Foreign investment by MNCs (correct)

In addition to goods and services, what else contributes to the connection between countries?

Cultural exchange programs
International sports events
Language similarities
Movement of people (correct)

What is an example of how MNCs participate in foreign trade?

Promoting local craftsmanship through trade fairs
Restricting trade to domestic markets only
Exporting cars to developing countries and exporting car components globally (correct)
Importing raw materials for domestic production

What has been a significant outcome of the increased foreign investment by MNCs?

Greater integration of production and markets across countries (D) Signup and view all the answers

What is the primary reason for people moving between countries?

In search of better income, jobs, or education (B) Signup and view all the answers

What is the role of MNCs in the process of globalisation?

MNCs play a major role in the globalisation process by facilitating the movement of goods, services, investments, technology, and people between countries. Signup and view all the answers

How does foreign trade contribute to the globalisation process?

Foreign trade, often controlled by MNCs, leads to greater integration of production and markets across countries, thus contributing to the globalisation process. Signup and view all the answers

What are some examples of the impact of foreign investment by MNCs on foreign trade?

MNCs, such as Ford Motors, establish manufacturing plants in countries like India, not only catering to the local market but also exporting products and components to other countries, thereby influencing foreign trade. Signup and view all the answers

What are the reasons for people moving between countries, as mentioned in the text?

People usually move from one country to another in search of better income, better jobs, or better education. Signup and view all the answers

What is the main outcome of the increased foreign investment and trade by MNCs?

The main outcome is the greater integration of production and markets across countries, leading to the process of globalisation. Signup and view all the answers