Superpowers 7

Question 1

What is the main goal of the WTO?

Answer 1

Ensure free global trade and equal opportunities for all countries

The WTO aims to reduce protectionist measures.

Question 2

True or false: The WTO has successfully stopped developed nations from protecting their own industries.

Answer 2

FALSE

Developed nations, such as the USA and EU, continue to provide subsidies to their farmers.

Question 3

What impact do subsidies from developed nations have on farmers in developing nations?

Answer 3

Farmers in developing nations lose out as their produce becomes less competitive

This is due to the higher costs associated with their products.

Question 4

What does the WEF stand for?

Answer 4

World Economic Forum

The WEF is a Swiss not-for-profit organization promoting public-private cooperation.

Question 5

Where does the WEF meet annually?

Answer 5

Davos

The meeting attracts thousands of politicians, delegates, and economists.

Question 6

How much does it cost to attend the WEF?

Answer 6

$19,000

This high cost limits attendance for small businesses or under-represented countries.

Question 7

What are the two types of TNCs?

Answer 7

• Publicly traded TNCs
• State-owned TNCs

Publicly traded TNCs are owned by various shareholders, while state-owned TNCs are owned by governments.

Question 8

In 2014, the world’s 500 largest companies generated how much in revenue?

Answer 8

$31.2 trillion

These companies employed over 65 million people.

Question 9

TNCs have become more influential than IGOs due to several reasons. Name one.

Answer 9

• Economies of scale allow them to reduce costs and out-compete smaller competitors

This leads to huge profits for TNCs.

Question 10

TNCs have the ability to borrow money, which allows them to invest in _______.

Answer 10

new technology

This investment is crucial for their growth and competitiveness.

Question 11

The move towards capitalism across the world has opened up more opportunities for whom?

Answer 11

TNCs

This shift has facilitated their expansion and influence.

Question 12

Which regions dominate the ownership of major TNCs?

Answer 12

• Europe
• America

Their dominance allows them to spread Western culture globally.

Question 13

Name a globally recognized TNC.

Answer 13

• Coca-Cola
• McDonald’s

These companies are examples of TNCs that have a significant global presence.

Question 14

True or false: Most of the world’s global media is dominated by the USA.

Answer 14

TRUE

This dominance allows American views and ideology to spread easily around the world.

Question 15

Cultural dishes from Asia, such as curry and sushi, are becoming more popular than what?

Answer 15

American or European cuisine

This indicates a shift in global culinary preferences.

Question 16

Certain aspects of American culture, like American football, have been successfully adopted across where?

Answer 16

the globe

This shows the influence of American culture in various regions.

Question 17

What are the three types of Intellectual Property laws that protect new inventions?

Answer 17

• Patents for technologies and systems
• Copyright for music, books, and artworks
• Trademarks for designs like logos

These laws ensure that inventors and designers can protect their unique products and processes.

Question 18

True or false: Royalty fees must be paid to the inventor or designer by anyone who wants to use their innovations.

Answer 18

TRUE

This system incentivizes innovation by compensating creators for their work.

Question 19

In the past, patents have primarily been available to Western TNCs due to what reason?

Answer 19

The high cost of application

This has limited access to patent protections for many inventors in developing countries.

Question 20

Which country has seen a recent increase in patents and intellectual property protections?

Answer 20

China

This shift indicates a growing recognition of the importance of intellectual property in global markets.