Globalization quiz

More questions about Globalization

These visible examples show the question style. LearnClash turns the full topic into ranked duels and spaced repetition.

1. 1 Easy

   Which label guarantees farmers a minimum price for coffee?

   Answer: Fairtrade

   Why: Buyers also pay a Fairtrade Premium on top, and farmers in each cooperative vote on how to spend it.

2. 2 Medium

   What business did container pioneer Malcom McLean start out in?

   Answer: Trucking

   Why: His trucking firm began in 1935 by hauling empty tobacco barrels, with McLean himself as one of its drivers.

3. 3 Hard

   How much of an iPhone 3G's $179 build cost was Chinese assembly?

   Answer: $6.50

   Why: Trade figures still counted each phone's full factory value as a Chinese export, though China added only 3.6% of it.

4. 4 Easy

   What is it called when a country imports more than it exports?

   Answer: Trade deficit

   Why: The US ran a trade deficit every year from 1976 to 2024, even from 1998 to 2001, when its budget was in surplus.

5. 5 Medium

   Who sent poorer countries more than foreign investors did in 2023?

   Answer: Migrants

   Why: India alone received about $120 billion in remittances in 2023, ahead of Mexico at about $66 billion.

6. 6 Hard

   What curve shows assembly adding the least value to a product?

   Answer: Smiling curve

   Why: Acer founder Stan Shih proposed it around 1992, with research and brands at the raised ends of the smile.