Globalization Impacts Quiz

• The process of integration and interaction among people, companies, and governments of different nations (correct)
• The act of isolating and closing off a country from international trade and cultural exchange
• The promotion of only local businesses and the restriction of foreign investments
• The formation of an autarky with no reliance on international cooperation

• Increased competition for local businesses from international companies (correct)
• Decreased competition due to protectionist trade policies
• Complete cessation of all international trade and transactions
• No impact on local economies as they remain insulated from global trends

• The homogenization of cultures and loss of unique traditions (correct)
• The complete separation of cultures leading to increased diversity
• No impact on cultural diversity as globalization only affects economic aspects
• The strict preservation of traditional customs and resistance to change

<p>It can lead to the outsourcing of jobs to countries with lower labor costs (D)</p> Signup and view all the answers