Globalisation

Question 1

tariff

Answer 1

tax on imports

Question 2

quota

Answer 2

a limit on quantity of a good a country allows in

Question 3

subsidy

Answer 3

government give tax breaks or money to domestic business make it more competitive against foreign goods

Question 4

trade liberation

Answer 4

removing protectionism

Question 5

FDI

Answer 5

investment by foreign business into another business in a different country

Question 6

TNC

Answer 6

transnational cooperation a business involved in multiple different countries

Question 7

positive multiplier effect

Answer 7

one initial investment creates many knock on effects

Question 8

austerity

Answer 8

cut government spending

Question 9

outsourcing

Answer 9

getting another company doing something for you often foreign