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Questions and Answers
What are the forms of globalization mentioned in the text?
What are the forms of globalization mentioned in the text?
- Globalization of Technology
- Globalization of Markets (correct)
- Globalization of Labor
- Globalization of Government
What is one of the factors contributing to the globalization of markets?
What is one of the factors contributing to the globalization of markets?
- Rising transportation costs
- Falling barriers to trade (correct)
- Increasing import tariffs
- Strict immigration policies
What does the globalization of production involve?
What does the globalization of production involve?
- Sourcing goods and services from different locations to take advantage of cost and quality differences (correct)
- Restricting production to a single location for consistency
- Ignoring technological advancements in production
- Selling goods and services in local markets only
What are some impediments to globalization mentioned in the text?
What are some impediments to globalization mentioned in the text?
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What do global institutions mentioned in the text do?
What do global institutions mentioned in the text do?
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