Unit 6 Global risks: Geopolitical and economic risks
13 revision questions with answers for Unit 6 Global risks: Geopolitical and economic risks, marked HL. Read them here, or play the set as a class game on the projector. Free to host, and students join with a code.
A state's supreme authority to govern its own territory without outside interference?
- Hegemony
- SovereigntyRight answer
- Federalism
- Devolution
What this set covers
State power and economic shocks are the subject. Sovereignty, hegemony, multipolar order, contagion, sovereign default, sanctions, nationalism, multilateralism, isolationism, interdependence, capital flight, piracy and choke points all appear.
- Common mix-up
- Students often confuse multilateralism and isolationism: multilateralism is cooperation through institutions with many states, while isolationism avoids alliances and involvement in other countries' affairs.
- Revision tip
- Link three terms in a chain, such as interdependence, contagion and capital flight, and explain how a shock in one economy could travel along it.
All 13 questions and answers
A state's supreme authority to govern its own territory without outside interference?
Answer: Sovereignty
Dominance of one state over others, regionally or globally?
Answer: Hegemony
World order in which power is spread among several great powers?
Answer: Multipolar
Financial crisis spreading rapidly from one economy to others through linked markets?
Answer: Contagion
A government failing to repay what it owes to foreign lenders?
Answer: Sovereign default
Penalties such as asset freezes and trade restrictions imposed on a state to change its behaviour?
Answer: Sanctions
Ideology putting one's own country and its identity first, often opposing global institutions?
Answer: Nationalism
Cooperation on shared problems through institutions involving many states, such as the UN?
Answer: Multilateralism
Policy of avoiding alliances and involvement in other countries' affairs?
Answer: Isolationism
Mutual reliance between economies, so a shock in one harms others?
Answer: Interdependence
Rapid outflow of money and assets from a country by investors fearing instability?
Answer: Capital flight
Armed robbery of ships at sea, as off Somalia in the late 2000s?
Answer: Piracy
Narrow sea passage where a blockage would disrupt world trade, such as Hormuz?
Answer: Choke point
Play it as a class game
Play this set opens it in splycr, where you can host it for your class straight away. Hosting needs no account: put the room code on the projector, and students join from a phone with the code and their first name. Each question plays as multiple choice, and the three wrong options were written for that question.