#1
Which of the following is a significant cause of the 2008 global financial crisis?
Mismanagement of credit derivatives
ExplanationMismanagement of credit derivatives led to the 2008 global financial crisis.
#2
What is the role of the International Monetary Fund (IMF) in global economic challenges?
To promote global economic stability and cooperation
ExplanationThe IMF aims to promote global economic stability and cooperation.
#3
What is the primary objective of the World Trade Organization (WTO)?
To promote fair competition among nations
ExplanationThe WTO's primary goal is to promote fair competition among nations.
#4
What is the primary goal of the United Nations Sustainable Development Goals (SDGs)?
To eradicate poverty and hunger
ExplanationThe primary goal of the UN SDGs is to eradicate poverty and hunger.
#5
Which of the following is a potential response to the threat of climate change on global economies?
Investing in renewable energy sources
ExplanationInvesting in renewable energy sources is a potential response to the threat of climate change on global economies.
#6
What is the significance of the G20 in addressing global economic challenges?
It facilitates international economic cooperation
ExplanationThe G20 facilitates international economic cooperation in addressing global economic challenges.
#7
Which of the following countries has been a significant player in economic globalization in recent years?
China
ExplanationChina has emerged as a significant player in economic globalization.
#8
What is the impact of rising income inequality on global economies?
It leads to social unrest
ExplanationRising income inequality can lead to social unrest within global economies.
#9
How do trade wars impact global economic stability?
They create uncertainty and volatility in markets
ExplanationTrade wars create uncertainty and volatility in markets, impacting global economic stability.
#10
What is the significance of the global debt crisis for the world economy?
It poses risks to financial stability
ExplanationThe global debt crisis poses risks to financial stability within the world economy.
#11
In what way does climate change pose a threat to the global economy?
It increases the risk of natural disasters
ExplanationClimate change increases the risk of natural disasters, posing a threat to the global economy.
#12
Which of the following trade agreements is the most recent and largest in terms of participating countries?
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
ExplanationThe CPTPP is the most recent and largest trade agreement in terms of participating countries.