Globalization Quiz
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Questions and Answers

What is a key characteristic of globalization?

  • Strict enforcement of national boundaries
  • Dominance of local markets over global markets
  • Increased interconnectedness of economies and cultures (correct)
  • Isolation of nations from international trade
  • How does globalization impact local cultures?

  • It causes local cultures to become completely isolated
  • It has no impact on local cultures
  • It results in the preservation of traditional customs and practices
  • It can lead to the spread of global cultural influences (correct)
  • What is a potential consequence of globalization on employment?

  • Stagnation of job market due to limited competition
  • Increase in domestic job opportunities only
  • Shift of jobs to lower-cost locations (correct)
  • Reduction in international labor mobility
  • Which of the following best defines globalization?

    <p>The process of interaction and integration among people, companies, and governments worldwide</p> Signup and view all the answers

    What is a common effect of globalization on economies?

    <p>Increased interconnectedness of financial markets</p> Signup and view all the answers

    Which factor is essential for the success of globalization?

    <p>Openness to cultural exchange and diversity</p> Signup and view all the answers

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