Globalization Key Aspects Quiz

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Questions and Answers

What is one of the most prominent aspects of globalization?

  • Deepening political divisions
  • Environmental protection
  • Technological isolation
  • Economic integration across borders (correct)

Which aspect of globalization refers to the diffusion of cultural ideas between societies?

  • Economic globalization
  • Cultural globalization (correct)
  • Political globalization
  • Environmental globalization

What has played a crucial role in driving globalization?

  • Advances in technology (correct)
  • Cultural homogenization
  • Political isolation
  • Economic stagnation

Which of the following is NOT a benefit of globalization?

<p>Access to limited products and services (C)</p>
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What does 'creation and multiplication' pertain to in the context of globalization?

<p>Social networks and cultural activities breaking traditional norms (A)</p>
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Which area has been negatively affected by globalization, leading to challenges such as climate change?

<p>Environment (B)</p>
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What does the concept of 'CONSCIOUSNESS AND AWARENESS' in global issues refer to?

<p>People who are forerunners due to their experiences. (A)</p>
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Which economic system involves individuals and businesses interacting to solve economic problems?

<p>Market Economy (D)</p>
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What do multinational corporations (MNCs) represent in the global economy?

<p>They are a significant feature of the global economy. (D)</p>
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According to realism, what does globalization primarily focus on?

<p>Shifting distribution of power among states. (B)</p>
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What is the main characteristic of GLOBAL SUPPLY CHAINS due to globalization?

<p>They span across multiple countries. (B)</p>
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In which type of economic system are factors of production and distribution owned and managed by the state?

<p>Command Economy (D)</p>
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