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Globalization and Economic Systems Quiz

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Questions and Answers

What is the main characteristic of globalization?

Barriers that restrict movement

Interconnectedness and interdependence (correct)

Consciousness and awareness

No private ownership

Which type of ownership is associated with capitalism?

Creation of various cultural practices

No private ownership

Increasing sameness in the world

Private ownership (correct)

What does 'solid' refer to in the context of globalization?

Barriers that make movement difficult (correct)

Creation of an international network

Increasing ease of movement of people

Opening international borders

What represents 'homogeneity' in the context of globalization?

Increasing sameness in the world Signup and view all the answers

What is the main challenge faced in regulating transactions and movements in globalization?

Barriers that restrict movement Signup and view all the answers

What perspective in international relations emphasizes relationships and negotiations?

Idealism Signup and view all the answers

Which theoretical approach believes that globalization is not necessarily about financial return but about continued centrality?

Realism Signup and view all the answers

What do ideas represent in the context of globalization?

Cultural norms Signup and view all the answers

Which of the following technological trends made significant changes according to the text?

Fast pace of technological change Signup and view all the answers

What is an essential component of an institution?

Regulatory structures Signup and view all the answers

Which theoretical approach focuses on hard power, sameness, complex interdependence, and smart power?