Which of the following is a key characteristic or consequence of the process of globalisation?
A decrease in the ratio of global trade to world gross domestic product (GDP\text{GDP}GDP)
A convergence in the prices of homogeneous goods across different national markets
An increase in the average tariff rates applied to imports by developing nations
A decrease in the share of global output produced by multinational corporations (MNCs\text{MNCs}MNCs)
14 exam-style questions on OCR A Level Economics Globalisation. Each one has a worked solution and a mark scheme showing where the marks go.