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

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