Globalisation has the potential to make domestic product markets significantly more contestable.
Which one of the following features of globalisation is the most direct cause of such an increase in contestability?
The dismantling of trade barriers and liberalisation of foreign direct investment (FDI)
The convergence of consumer inflation rates among major trading nations
An increase in the proportion of national output generated by the primary sector
The standardisation of global financial regulations for sovereign debt markets
310 exam-style questions on AQA A Level Economics 2.6 The international economy (A-level only), covering 2.6.1 Globalisation, 2.6.2 Trade, 2.6.3 The balance of payments, 2.6.4 Exchange rate systems, and 2.6.5 Economic growth and development. Each one has a worked solution and a mark scheme showing where the marks go.