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Questions and Answers
What is the main goal of economic globalization?
What is the main goal of economic globalization?
- To protect one's economy from foreign competition
- To create trade barriers
- To promote international commerce (correct)
- To reduce the cost of products
What is the purpose of protectionism?
What is the purpose of protectionism?
- Reducing trade barriers to make international trade easier
- Facilitating the outsourcing of manufacturing jobs
- Eliminating tariffs and taxes on international trade
- Creating trade barriers to protect one's economy from foreign competition (correct)
What does free trade involve?
What does free trade involve?
- Creating trade bloc agreements to reduce trade barriers
- Imposing tariffs on imported goods
- Outsourcing manufacturing jobs to reduce the cost of products
- Trading of goods and services between countries without tariffs or taxes (correct)
What is the impact of outsourcing on manufacturing jobs?
What is the impact of outsourcing on manufacturing jobs?
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Which actors play a key role in economic globalization?
Which actors play a key role in economic globalization?
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What is the purpose of a trade bloc agreement?
What is the purpose of a trade bloc agreement?
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Which actors facilitate economic globalization according to the text?
Which actors facilitate economic globalization according to the text?
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What is the core of the Modern World System according to the text?
What is the core of the Modern World System according to the text?
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What is the semi-periphery in the Modern World System?
What is the semi-periphery in the Modern World System?
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What do nations within the modern world system become due to the world-wide division of labor?
What do nations within the modern world system become due to the world-wide division of labor?
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