Practice Benefits Of Globalization (8.1) - International Economics - IB 10 Individuals & Societies

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6 sample questions

Question 1.
What is globalization?
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Think about trade relationships between countries.
Question 2.
Name one benefit of globalization.
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Consider how trade impacts economies.
3Question 3.
What is one of the benefits of globalization?
- Higher Prices
- Slower Economic Growth
- Cheaper Goods
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Think about what happens when more companies sell the same product.
4Question 4.
True or False: Globalization always leads to job losses.
- True
- False
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Consider different viewpoints on the effects of globalization.
Question 5.
Evaluate the effects of globalization on local artisans in developing countries when faced with mass-produced goods from abroad.
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Consider both sides of competition.
Question 6.
Consider a scenario where a country benefits from technology transfer due to globalization. Discuss the steps that might occur from this transfer to economic growth.
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Trace the flow from investment to growth.

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