12 Questions
What is globalization?
A process of integration and international influence of economies and cultures
How does globalization affect the movement of goods?
It reduces restrictions to movements of capital and investments
What is one example of globalization in economics mentioned in the text?
Outsourcing providing new job opportunities in developing countries
How do multinational corporations benefit from globalization?
By providing 24-hour customer service across different locations
What role does technology play in the process of globalization?
Technology advances can reveal more global outlets and reduce barriers to international trades
How can outsourcing contribute to a struggling country's economic development?
By bringing new jobs to that country through multinational organizations
How has globalization impacted the spread of cultures?
Through intermarriages from dating site meet-ups
What is an example of how globalization benefits cultural exchanges?
Being able to enjoy Filipino and Korean food in various countries
How has technology contributed to globalization?
By enabling immediate reporting of worldwide news via global networks
What has facilitated the growth of globalization according to the text?
Improved travel options and job opportunities
Which factor plays a significant role in pushing globalization according to the text?
Faster modes of travel like planes
How does the internet contribute to globalization?
Enabling enrollment in online educational programs globally
Prepare for your globalization exam with this reviewer covering key concepts such as growth on a worldwide scale, integration of economies and cultures, exchange of goods and ideas, and factors impacting globalization. This quiz will help you grasp the fundamentals and ace your test!
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