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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?

Access to limited products and services Signup and view all the answers

What does 'creation and multiplication' pertain to in the context of globalization?

Social networks and cultural activities breaking traditional norms Signup and view all the answers

Which area has been negatively affected by globalization, leading to challenges such as climate change?

Environment Signup and view all the answers

What does the concept of 'CONSCIOUSNESS AND AWARENESS' in global issues refer to?

People who are forerunners due to their experiences. Signup and view all the answers

Which economic system involves individuals and businesses interacting to solve economic problems?

Market Economy Signup and view all the answers

What do multinational corporations (MNCs) represent in the global economy?

They are a significant feature of the global economy. Signup and view all the answers

According to realism, what does globalization primarily focus on?

Shifting distribution of power among states. Signup and view all the answers

What is the main characteristic of GLOBAL SUPPLY CHAINS due to globalization?

They span across multiple countries. Signup and view all the answers

In which type of economic system are factors of production and distribution owned and managed by the state?

Command Economy Signup and view all the answers