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What is globalization?
What is globalization?
- A process of reducing global connections
- A process of integration and international influence of economies and cultures (correct)
- A process of restricting trade
- A process of isolation and local influence of economies and cultures
How does globalization affect the movement of goods?
How does globalization affect the movement of goods?
- It limits the exchange of goods between countries
- It reduces restrictions to movements of capital and investments (correct)
- It increases barriers to international trade
- It reduces technology advancements in transportation
What is one example of globalization in economics mentioned in the text?
What is one example of globalization in economics mentioned in the text?
- Increased barriers to international trades
- Reducing global connections in economy
- Multinational corporations operating only locally
- Outsourcing providing new job opportunities in developing countries (correct)
How do multinational corporations benefit from globalization?
How do multinational corporations benefit from globalization?
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What role does technology play in the process of globalization?
What role does technology play in the process of globalization?
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How can outsourcing contribute to a struggling country's economic development?
How can outsourcing contribute to a struggling country's economic development?
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How has globalization impacted the spread of cultures?
How has globalization impacted the spread of cultures?
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What is an example of how globalization benefits cultural exchanges?
What is an example of how globalization benefits cultural exchanges?
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How has technology contributed to globalization?
How has technology contributed to globalization?
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What has facilitated the growth of globalization according to the text?
What has facilitated the growth of globalization according to the text?
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Which factor plays a significant role in pushing globalization according to the text?
Which factor plays a significant role in pushing globalization according to the text?
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How does the internet contribute to globalization?
How does the internet contribute to globalization?
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