Practice Liberalisation Of Foreign Trade And Investment Policy (4.5.2)

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6 sample questions

Question 1.
Define liberalisation in your own words.
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Think about how a less restricted market operates.
Question 2.
What does an MNC stand for?
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Remember, they operate in multiple countries.
3Question 3.
What is the primary purpose of liberalisation?
- To restrict imports
- To increase competition
- To limit foreign investment
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Think about how it affects consumers and producers.
4Question 4.
Are MNCs beneficial for local economies?
- True
- False
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Consider both sides of the argument.
Question 5.
Evaluate how liberalisation could alter the competitive dynamics in a previously insulated industry, such as textiles.
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Think about the strategies industries might use in response.
Question 6.
Propose and justify a policy that could help local producers thrive in a liberalised economy.
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Consider balancing protection and competition.

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