True or false about globalisation

Exercise and reference answers

Questions

1. Statement is true

   Yes

   Statement

   An MNC produces in more than one country.

2. Statement is true

   Yes

   Statement

   A tax on imports is a trade barrier.

3. Statement is true

   No

   Statement

   India removed its barriers in 1961.

4. Statement is true

   No

   Statement

   Liberalisation means adding restrictions.

5. Statement is true

   Yes

   Statement

   The WTO aims to liberalise trade.

6. Statement is true

   Yes

   Statement

   The WTO has 164 members.

Instructions

Decide whether each statement is true or false.

Explanation