Podcast
Questions and Answers
What is one effect of globalization mentioned in the text?
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?
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?
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?
What negative consequence of globalization is mentioned in the text?
How has globalization impacted economic development according to the text?
How has globalization impacted economic development according to the text?
What is a potential drawback of globalization?
What is a potential drawback of globalization?
What is the main driver of globalization according to the text?
What is the main driver of globalization according to the text?
Which type of globalization involves the re-location of manufacturing to countries with lower labor costs?
Which type of globalization involves the re-location of manufacturing to countries with lower labor costs?
What allows banks and financial institutions autonomy in allocating their capital?
What allows banks and financial institutions autonomy in allocating their capital?
Which factor contributes to making the world more accessible to everyone?
Which factor contributes to making the world more accessible to everyone?
What aspect of globalization involves the assimilation towards international standards?
What aspect of globalization involves the assimilation towards international standards?
Which factor contributes to cheaper importation/exportation of goods?
Which factor contributes to cheaper importation/exportation of goods?
What is identified as the key factor for international business?
What is identified as the key factor for international business?
What does globalization grant access to according to the text?
What does globalization grant access to according to the text?
How does business evolve with globalization?
How does business evolve with globalization?
What is NOT mentioned as a benefit of globalization in the text?
What is NOT mentioned as a benefit of globalization in the text?
Which aspect is NOT associated with international business according to the text?
Which aspect is NOT associated with international business according to the text?
What is a major impact of globalization on local coffee shops?
What is a major impact of globalization on local coffee shops?
Which statement best describes the wealth distribution issue caused by globalization?
Which statement best describes the wealth distribution issue caused by globalization?
What effect has globalization had on domestic markets?
What effect has globalization had on domestic markets?
Why are people willing to pay more for products in today's globalized world?
Why are people willing to pay more for products in today's globalized world?
What is one reason companies face challenges in entering foreign markets?
What is one reason companies face challenges in entering foreign markets?
How does globalization impact poverty levels around the world?
How does globalization impact poverty levels around the world?
