CleverPath

The Global Economy

ECO-T1 is worth about 15 marks out of 100 in recent HSC Economics papers. Practise 19 exam-style questions (multiple choice, short answer) with instant marking and a worked solution for every question.

START PRACTISING

Example questions

Example 1 · 1 mark · multiple choice

Which best describes globalisation?

  1. AThe increasing integration of economies through trade, financial flows, investment, technology and labour
  2. BA country reducing its trade with the rest of the world
  3. CThe removal of all government regulation in an economy
  4. DThe growth of a country's population

Example 2 · 1 mark · multiple choice

Which is a reason transnational corporations (TNCs) have been a driving force of globalisation?

  1. AThey are owned by national governments
  2. BThey spread production, investment and technology across many countries
  3. CThey increase tariffs on imports
  4. DThey only sell goods within their home country

Example 3 · 1 mark · multiple choice

Which is a common criticism of globalisation?

  1. AIt has made all economies equally developed
  2. BIt always reduces world output
  3. CIts benefits have been unevenly distributed, widening some inequalities
  4. DIt has stopped the flow of technology between countries

Answers and worked solutions appear when you practise these questions.

Other Economics topics