Globalization and Economic Impact Quiz

• It only affects local economies
• It leads to increased interdependence among economies (correct)
• It results in decreased trade and investment between countries
• It has no impact on economic integration

• It only affects the domestic movement of goods and services
• It has no impact on the movement of goods and services
• It facilitates the movement of goods and services across borders (correct)
• It hinders the movement of goods and services across borders

• It leads to cultural homogenization and loss of diversity
• It only affects local cultural practices
• It has no impact on cultural exchange
• It promotes cultural exchange and diversity (correct)

<p>Increase in cross-border trade and investment (D)</p> Signup and view all the answers