Define interdependence

countries independent of their colonial rule, countries relying on countries for products they don't have

What else is exchanged through the process of globalisation?

Cultural identity, language, knowledge, technology, history

A transnational corporation is...

A big company or business that operates all over the world

What is globalisation?

Trade of goods & raw materials between countries for profit

Why do we export millions of raw materials and products to China?

China has cheap labour, production and transport costs

What happens to the price of goods through globalisation?

They reduce due to increase in production and availability

What does TEEC stand for?

Topic sentence/Explanation/Evidence/Conclusion

What are some negative effects of globalisation on people in third world countries?

Environmental damage, job insecurity, increased disease transfer

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Year 9 Economics and business

13 termsStudBud Administration24 plays

#misscaroline Year 9 HASS class #dab

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Questions 13

Answers

1
Not doing security checks while purchasing online can make you a victim of identity theft.
True
False
2
Which two of the following are examples of financial risk?
Liquidity Risk
Market Risk
Strategic risk
Reputational Risk
3
Define interdependence
countries relying on themselves ot make things
countries independent of their colonial rule
countries relying on countries for products they don't have
countries relying on countries for coffee
4
What else is exchanged through the process of globalisation?
Money, products, wealth and people
Cultural identity, language, knowledge, technology, history
People and pay checks
Cultural identity, flags, cutlery, history
5
A transnational corporation is...
A big company or business that operates all over the world
A big company that has assets all over the world
A big company or business that operates all over Australia
A big company that has ties to Asia
6
What is globalisation?
Trade of goods & raw materials with a country for profit
stupid
Trade and exchange of goods worldwide for loss
Trade of goods & raw materials between countries for profit
7
Why do we export millions of raw materials and products to China?
China has cheap labout costs and high costs of transport
China makes lots of products
China has high costs of production
China has cheap labour, production and transport costs
8
What happens to the price of goods through globalisation?
Goods go up in price, as does the cost of raw materials
They reduce due to increase in production and availability
They reduce due to mass spending
Goods begin to become obsolete due to misuse
9
Why might someone choose casual work over part-time or full-time work?
It offers greater reliability of work
It comes with benefits such as sick leave
It offers more flexibility
All of the above
10
What does TEEC stand for?
Topic sentence/Explanation/Evidence/Conclusion
Topic/Example/Evidence/Conclusion
Topic Sentence/Evidence/Explanation/Concuslion
Thesis/Explanation/Evaluation/Conclusion
11
Australia's biggest trading partner is
Asia
USA
Malaysia
China
12
If a business has to make a decision that might hurt their employees, its an...
Difficult dilemma
Ethical dilemma
Awful decision
Unethical dilemma
13
What are some negative effects of globalisation on people in third world countries?
Low education, low self-esteem, low healthcare
increased dependence, affordable products
Poverty, homelessness, illness
Environmental damage, job insecurity, increased disease transfer

Year 9 Economics and business Flashcards | StudBud