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Questions and Answers
What is globalization?
What is globalization?
- A concept related to markets for foreign exchange
- A theory about trade protectionism
- A mechanism to bring about international business
- A process that deepens and broadens relationships among countries (correct)
Which term refers to the elimination of barriers to international movements of goods, services, capital, technology, and people?
Which term refers to the elimination of barriers to international movements of goods, services, capital, technology, and people?
- Trade Protectionism
- Economic Systems
- Culture
- Globalization (correct)
How does international business contribute to globalization?
How does international business contribute to globalization?
- By influencing exchange rates
- By enforcing trade protectionism
- By being a mechanism to bring about globalization (correct)
- By promoting economic integration
Which factor enables globalization to provide more variety, better quality, or lower prices?
Which factor enables globalization to provide more variety, better quality, or lower prices?
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What influences the integration of world economies according to the text?
What influences the integration of world economies according to the text?
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Which of the following is NOT a characteristic of globalization?
Which of the following is NOT a characteristic of globalization?
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What does international business facilitate according to the text?
What does international business facilitate according to the text?
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Which area does globalization NOT influence?
Which area does globalization NOT influence?
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How do countries benefit from globalization?
How do countries benefit from globalization?
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What is the main consequence of eliminating barriers to international movements according to the text?
What is the main consequence of eliminating barriers to international movements according to the text?
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