When a country experiences economic growth, it is able to earn more ____ and potentially ____.

tax revenue; generate more jobs

CET Masterplan stands for __________

Continuing Education and Training Masterplan

In the 1960s, to reduce massive unemployment, the ____ aided in the establishment of the ____.

Economic Development Board; Jurong Industrial Estate

To help SMEs compete in a global economy, the government offered these incentives except ____

Provides no financial assistance to help for SMEs

The following statements show how Singapore responded in the Global Financial Crisis except ___

Lower income families were not given rental rebates.

In the 2000s, EDB set up initiatives to stimulate _______ and expand ______ activities.

entrepreneurship; research and development

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Chapter 9: How Do We Respond to Tensions Arising From Some Economic Impacts of Globalisation?

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Social Studies Revision

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Questions 15

Answers

1
When a country experiences economic growth, it is able to earn more ____ and potentially ____.
tax revenue; generate more jobs
income; generate no job
tax revenue; generate less jobs
income; generate less jobs
2
CET Masterplan stands for __________
All of the above
Continuing Education and Training Masterplan
Continuous Education and Training Masterplan
Continual Education and Training Masterplan
3
How does the Workfare Training Support Scheme help older, low-wage workers?
Allows for them to upgrade their skills
Allows for them to earn higher wages
All of the above
Helps them to remain employable
4
These are successful Singapore companies which have benefited from globalisation except ____
CapitaLand Limited
Hyflux Ltd
Starbucks
Super Group Ltd
5
FTAs stand for ________.
Free Trade Agreements
Free Trend Agreements
Foreign Trend Agreements
Foreign Trade Agreements
6
In the 1960s, to reduce massive unemployment, the ____ aided in the establishment of the ____.
Economic Financial Board; Jurong Industrial Estate
Housing Development Board; Jurong Industrial Estate
Economic Development Board; Jurong Regional Library
Economic Development Board; Jurong Industrial Estate
7
To help SMEs compete in a global economy, the government offered these incentives except ____
Aids in SMEs' efforts to venture abroad
Provides no financial assistance to help for SMEs
Facilitates partnerships between SMEs and larger companies
Provides loans, grants and tax incentives
8
The collapse of Lehman Brothers was strongly linked to the 2008 Global Financial Crisis.
False
True
9
These are some of the challenges facing SMEs except ________
insufficient profits
shortage of expertise and labour
big domestic market
competition from bigger companies
10
A country's economy is dependent on economic activities such as __________________
manufacturing
all of the above
trade and investments
tourism
11
FDI stands for______.
foreign define investment
foreign direct investment
friendly define investment
friendly direct investment
12
The following statements show how Singapore responded in the Global Financial Crisis except ___
New businesses were granted further tax exemptions.
Smaller companies were granted further tax exemptions.
Lower income families were not given rental rebates.
Workers who lost their jobs were retrained with new skills.
13
The 2008 Global Financial Crisis is an example of the impact of ____________.
economic downturn
economic growth
economic u-turn
economic upturn
14
In the 2000s, EDB set up initiatives to stimulate _______ and expand ______ activities.
entrepreneurship; housing and development
leadership; housing and development
entrepreneurship; research and development
leadership; research and development
15
SMEs stands for________________
small and manageable enterprises
small and medium enterprises
small and medium entries
small and manageable entries

Chapter 9: How Do We Respond to Tensions Arising From Some Economic Impacts of Globalisation? Flashcards | StudBud