Kramizo
Log inSign up free
HomeCIE IGCSE EconomicsGlobalisation: causes, consequences and the role of multinational companies
CIE · IGCSE · Economics

Globalisation: causes, consequences and the role of multinational companies
Practice Questions

20 CIE IGCSE Economics questions on Globalisation: causes, consequences and the role of multinational companies, each with instant feedback and a full examiner-style mark scheme.

⚡ Start Quiz on Globalisation: causes, consequences and the role of multinational companies📖 Read Revision NotesTry one question
✨ Revision guide includes key terms, worked examples and exam technique for Globalisation: causes, consequences and the role of multinational companies.

Try 2 sample questions on Globalisation: causes, consequences and the role of multinational companies

Question 1 · 1 mark · Difficulty 1/3

What is meant by the term 'globalisation'?

  1. The growth of trade between neighbouring countries only
  2. The increasing integration and interdependence of the world's economies
  3. The reduction of government spending on international aid
  4. The movement of workers within a single country
Show answer & explanation
✓ Answer: BThe increasing integration and interdependence of the world's economies
Award 1 mark for identifying globalisation as the increasing integration and interdependence of the world's economies. A is incorrect — globalisation involves worldwide trade, not just neighbouring countries. C is incorrect — this relates to fiscal policy, not globalisation. D is incorrect — this describes internal migration, not globalisation.
Question 2 · 1 mark · Difficulty 2/3

A multinational company (MNC) based in Germany decides to build a new factory in Vietnam. Which of the following is most likely to be a reason for this decision?

  1. Higher wage rates in Vietnam compared to Germany
  2. Lower labour costs and access to new markets in Asia
  3. Stricter environmental regulations in Vietnam
  4. Higher corporate tax rates in Vietnam
Show answer & explanation
✓ Answer: BLower labour costs and access to new markets in Asia
Award 1 mark for identifying lower labour costs and market access as key reasons for MNC location decisions. A is incorrect — wage rates are typically lower, not higher, in developing countries like Vietnam. C is incorrect — MNCs often locate where regulations are less strict. D is incorrect — MNCs seek lower, not higher, tax rates.
⚡ Start a Quiz on Globalisation: causes, consequences and the role of multinational companies
20 questions · 25 min · free

CIE IGCSE Economics: Globalisation: causes, consequences and the role of multinational companies FAQ

How many CIE IGCSE Economics questions on Globalisation: causes, consequences and the role of multinational companies are there on Kramizo?
Kramizo currently has 20 exam-board-aligned practice questions on Globalisation: causes, consequences and the role of multinational companies for CIE IGCSE Economics, with new questions added every week. Each question gives you instant feedback and a full examiner-style mark scheme that tells you exactly what would earn marks on a real CIE paper. The questions span the full difficulty range — from straightforward recall (level 1) right up to multi-step reasoning and evaluation (level 3) — so the bank works for first-pass revision and final exam-week stress testing alike.
Is Kramizo free for CIE IGCSE students preparing for Economics?
Yes — completely free. Every student gets 45 questions a day on the free plan, with no card required and no trial countdown. That free quota works across every subject and every topic in our bank, so you can mix Globalisation: causes, consequences and the role of multinational companies practice with other Economics topics or even switch to a totally different CIE subject without paying anything. Kramizo's optional Pro plan removes the daily cap and adds detailed progress analytics, but the free tier is the real product — used by thousands of GCSE, IGCSE and CSEC students.
Are the Globalisation: causes, consequences and the role of multinational companies questions aligned to the official CIE IGCSE Economics syllabus?
Every question is written against the published CIE IGCSE Economics specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real CIE paper. Explanations are written in the style of official examiner mark schemes — they tell you what is being awarded marks and why distractors are wrong, not just whether you got it right. The bank is continually refined to match the latest syllabus updates from CIE.
How is Globalisation: causes, consequences and the role of multinational companies typically tested on CIE IGCSE Economics papers?
Globalisation: causes, consequences and the role of multinational companies appears across multiple question types on real CIE IGCSE Economics papers — most commonly as multiple-choice questions in the objective section, structured short-answer questions in the main paper, and occasionally as part of an extended response. Kramizo's practice bank reflects that mix: 4-option MCQs, true/false statements, fill-in-the-blank key terms, multi-select questions, and ordering questions. Working through the bank gives you exposure to every question style examiners actually use.

Lock in Globalisation: causes, consequences and the role of multinational companies before exam day.

Start practising in 30 seconds — no card required.

⚡ Start Quiz Free →