Question 1
Economists use the term 'globalisation' to mean that
◦ trade is growing faster than GDP.
◦ countries are more vulnerable to changes in the rest of the world.
◦ former communist countries have become capitalist.
◦ A and B
Question 2
Which of the following is/are drivers of globalisation?
◦ Restrictions on trade being removed
◦ A growth in international financial flows
◦ Trade growing faster than GDP
◦ All of the above
