A transnational corporation is...

A big company or busines that operates all over the world

One effect of Australia's massive trade with Asia is...

is that Australian's have more jobs and money in the ecomony

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

Environmental damage, poorly educated, unhealthy, unsafe

What is globalisation?

Trade of goods & raw materials between countries for profit

Globalisation has had a big impact on Australian society, and because of globalisation we have?

Economic stability, jobs, FOXTEL & international sports

Define interdependence

countries relying on countries for products they don't have, countries dependent on other countries for trade

Australia relies on trade with Asian nations because

Australians have more jobs in mining & more retail choice

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

China has cheap labour, production and transport costs

What else is exchanged through the process of globalisation?

Cultural identity, language, knowledge, technology, history

What happens to the price of goods through globalisation?

They reduce due to increase in production and availability

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Year 9 Economics and business

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#misscaroline Year 9 HASS class #dab

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Questions 13

Answers

1
A transnational corporation is...
A big company or busines that operates all over the world
A big company that has assets all over the world
A big company or busines that operates all over Australia
A big company that has ties to Asia
2
One effect of Australia's massive trade with Asia is...
Australians have some jobs and little pay
that jobs and money are scarce
is that Australian's have more jobs and money in the ecomony
Asia is getting more money
3
What are some effects of globalisation on people in third world countries?
Environmental damage, poorly educated, unhealthy, unsafe
homeless, restless, unsafe and feel unwanted
Low education, low self-esteem, unhealthy
Poor, educated, homeless
4
What is globalisation?
stupid
trade and exchange of goods worldwide for loss
Trade of goods & raw materials between countries for profit
Trade of goods & raw materials with a country for profit
5
Globalisation has had a big impact on Australian society, and because of globalisation we have?
Economic incompetence, jobs, FOXTEL and wine
Economic stability, jobs, FOXTEL ethical debates
Economic stability, jobs, riots, international sports
Economic stability, jobs, FOXTEL & international sports
6
If a business has to make a decision that might hurt their employees, its an...
Ethical dilemma
Unethical dilemma
Difficult dilemma
Awful decision
7
What does PEEL stand for?
Point/Evidence/Explain/Link
Point/Explain/Evidence/Link
Point/Explain/Example/Link
Point/Example/Evidence/Link
8
Define interdependence
countries relying on countries for products they don't have
countries relying on countries for coffee
countries relying on themselves ot make things
countries dependent on other countries for trade
9
Australia relies on trade with Asian nations because
Australians have more jobs in mining & more retail choice
Asians have more jobs in mining & retail choice
Australians have more pocket money & retail choice
Australians have more jobs in mining & income tax
10
Australia's biggest trading partner is
Malaysia
Asia
China
USA
11
Why do we export millions of raw materials and products to China?
China has high costs of production
China has cheap labout costs and high costs of transport
China makes lots of products
China has cheap labour, production and transport costs
12
What else is exchanged through the process of globalisation?
Cultural identity, flags, cutlery, history
Money, products, wealth and people
People and pay checks
Cultural identity, language, knowledge, technology, history
13
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 mass spending
Goods begin to become obsolete due to misuse
They reduce due to increase in production and availability

Year 9 Economics and business Flashcards | StudBud