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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What does 'dependency on external markets' mean?
💡 Hint: Think about how local businesses might be affected by global trade.
Question 2
Easy
Name one impact of global market fluctuations.
💡 Hint: Consider what could happen if a specific export’s demand drops.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is a potential risk of dependency on external markets?
- Reduce opportunities for local diversification
- Increase job security
- Enhance local investments
💡 Hint: Think about how relying on one market affects variety.
Question 2
True or False: Regions that diversify their economy are less likely to suffer from global market fluctuations.
- True
- False
💡 Hint: Reflect on what diversification means.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Evaluate a region that relies on a single resource for its economy. Discuss the potential risks and suggest a plan for diversification.
💡 Hint: Reflect on various industries the region could tap into.
Question 2
Analyze how a global economic downturn could affect local employment rates and suggest strategies to mitigate risks.
💡 Hint: Think about how investment in skills could help.
Challenge and get performance evaluation