THis are few HSC STYLE QUESTION for you to answers.
1.Explain what is meant by globalization, using recent trends to illustrate your answer.
2 .Describe the role of trade flows in globalization.
3 .Summaries recent changes in the direction and composition of international trade
in goods and services.
4 .Explain how technology drives growth in trade of goods and services.
5 .Explain the difference between investment flows and financial flows.
6 .Outline the role of foreign exchange markets in international financial flows.
7 .Discuss the role played by transnational corporations (TNCs) in globalization.
8 .Discuss the impact of globalization on the international division of labor.
9 .Explain how changes in the level of economic growth in one economy can impact
upon economic growth in other economies.
10. Examine the performance of an individual economy over the past decade. Discuss
the extent to which this economy’s performance has reflected world economic
growth trends and the extent to which it has differed. Identify factors that might
explain these similarities and differences.
11.Explain what is meant by protection.
12. Use the following terms to briefly outline the main methods of protection that can
restrict free trade:
• tariffs • local content rules • export incentives • subsidies
13. Describe the differences between the General Agreement of Tariffs and Trade
(GATT) and the World Trade Organization (WTO).
2 .Describe the role of trade flows in globalization.
3 .Summaries recent changes in the direction and composition of international trade
in goods and services.
4 .Explain how technology drives growth in trade of goods and services.
5 .Explain the difference between investment flows and financial flows.
6 .Outline the role of foreign exchange markets in international financial flows.
7 .Discuss the role played by transnational corporations (TNCs) in globalization.
8 .Discuss the impact of globalization on the international division of labor.
9 .Explain how changes in the level of economic growth in one economy can impact
upon economic growth in other economies.
10. Examine the performance of an individual economy over the past decade. Discuss
the extent to which this economy’s performance has reflected world economic
growth trends and the extent to which it has differed. Identify factors that might
explain these similarities and differences.
11.Explain what is meant by protection.
12. Use the following terms to briefly outline the main methods of protection that can
restrict free trade:
• tariffs • local content rules • export incentives • subsidies
13. Describe the differences between the General Agreement of Tariffs and Trade
(GATT) and the World Trade Organization (WTO).