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Questions and Answers
Which of the following best describes the dimension of globalization mentioned in the text?
Which of the following best describes the dimension of globalization mentioned in the text?
- The decreasing connection between national economies due to trade restrictions.
- The increasing integration of national economies through trade, financial flows, and foreign direct investment. (correct)
- The focus on domestic economic activities without any international involvement.
- The isolation of national economies from international trade and investment.
What are the main factors involved in the increasing linkage of national economies?
What are the main factors involved in the increasing linkage of national economies?
- Trade, financial flows, and foreign direct investment. (correct)
- Domestic consumption, government policies, and labor mobility.
- Political alliances, cultural exchanges, and technological advancements.
- Environmental sustainability, social justice, and human rights.
What is the role of multinational firms in the increasing linkage of national economies?
What is the role of multinational firms in the increasing linkage of national economies?
- They contribute to foreign direct investment. (correct)
- They focus on domestic economic activities.
- They enforce trade restrictions.
- They promote cultural exchanges.
