Lesson 1

Question 1

Commodity

Answer 1

Raw material that can be sold

Question 2

What is globalisation

Answer 2

Through communication you can create better links working together

Question 3

Trading block

Answer 3

A number of countries working together to protect themselves and making goods and services easier to pass through

Question 4

International mobility of labour capital

Answer 4

Makes it easier for people to move around the world some require passes

Question 5

International communication

Answer 5

Communication down through the Internet can be cost-effective to use Skype however bills

Question 6

World trade organisation

Answer 6

Made up of 160 countries to make it easier for trade they achieve this by having laws and restrictions and voting on it

Question 7

Mercosur

Answer 7

Argentina and Brazil Venezuela Paraguay Uruguay

Question 8

North America free trade

Answer 8

Canada USA Mexico easier to trade supports movement

Question 9

The benefits of North American Free Trade

Answer 9

Increase trade

create more jobs diplomatic relations

Question 10

Asia-Pacific economic corporation

Answer 10

Made up 21 countries to

Growth and prosperity

Question 11

Aims of APEC

Answer 11

Reduce poverty
trade as much as you can
increase medium to small size countries growth

Question 12

How can APEC achieve its aim by

Answer 12

Reduce trade barriers
Special visas
Training