1) Globalisation is.. a) when one country sends goods to another country b) the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. c) when a country buys goods from another country 2) An export is...  a) a good produced in one country and sold/sent to another countryother country b) a good or service brought into one country from another. 3) Identify three reasons for the rapid increase in globalisation over the last 20 years. a) Improved modes of transportation b) TikTok c) Technology and the internet d) More people now travel and move to different countries e) War 4) Scotland exports goods such as.... a) whiskey b) Guinneas c) tartan d) seafood e) Oranges 5) Identify two advantages of international trade a) Local producers may suffer as cheaper imported products can destroy their market. b) Trade can increase competition between countries. c) World trade is likely to increase employment as jobs will be created across the world. 6) Identify two disadvantages of international trade a) Workers can be at risk of losing their job should demand for their goods fall. b) Trade encourages the country to specialise in producing those goods more efficiently. c) Certain industries/countries do not get a chance to grow because of competition around the world. 7) What is a free trade agreement? a) When goods and services cannot be bought and sold across international borders  b) an agreement between two or more countries to reduce barriers to imports and exports among them. 8) Under a free trade agreement, goods and services can be bought and sold across international borders with little or no tariffs (taxes). a) True b) False

Globalisation Lesson 3

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