Alpine Ski House Globalization Quiz

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What is one effect of globalization mentioned in the text?

Decreased investment levels

Rise in commodity prices

Increased cultural diversity (correct)

Limited international labor mobility

How has globalization impacted skilled workers?

Reduced quality of goods produced

Decreased the number of skilled workers

Led to higher production costs

Enhanced international labor mobility (correct)

Which is an advantage of globalization highlighted in the text?

Increased transport services globally (correct)

Decline in the quality of goods

Reduction in educational opportunities

Exploitation of cheap labor

What negative consequence of globalization is mentioned in the text?

Increased commodity prices Signup and view all the answers

How has globalization impacted economic development according to the text?

Increased economic development Signup and view all the answers

What is a potential drawback of globalization?

Exploitation of cheap labor Signup and view all the answers

What is the main driver of globalization according to the text?

Trade liberalization Signup and view all the answers

Which type of globalization involves the re-location of manufacturing to countries with lower labor costs?

Economic globalization Signup and view all the answers

What allows banks and financial institutions autonomy in allocating their capital?

Deregulation of financial markets Signup and view all the answers

Which factor contributes to making the world more accessible to everyone?

Improved technology Signup and view all the answers

What aspect of globalization involves the assimilation towards international standards?

Economic globalization Signup and view all the answers

Which factor contributes to cheaper importation/exportation of goods?

Trade liberalization Signup and view all the answers

What is identified as the key factor for international business?

Globalization Signup and view all the answers

What does globalization grant access to according to the text?

Inter-cultural exchange and international division of labor Signup and view all the answers

How does business evolve with globalization?

It evolves in new ways Signup and view all the answers

What is NOT mentioned as a benefit of globalization in the text?

Reduced innovation opportunities Signup and view all the answers

Which aspect is NOT associated with international business according to the text?

Local market exclusivity Signup and view all the answers

What is a major impact of globalization on local coffee shops?

Threat of closure due to international coffee chains Signup and view all the answers

Which statement best describes the wealth distribution issue caused by globalization?

The rich are becoming richer, and the poor are becoming poorer Signup and view all the answers

What effect has globalization had on domestic markets?

Shrinking due to loss of local players' business potential Signup and view all the answers

Why are people willing to pay more for products in today's globalized world?

Increased marketing and branding efforts Signup and view all the answers

What is one reason companies face challenges in entering foreign markets?

Difficulty in adapting products to local tastes Signup and view all the answers

How does globalization impact poverty levels around the world?

Increases relative poverty and inequality Signup and view all the answers