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The Globalization and Global Economy Quiz

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The Globalization and Global Economy Quiz

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Questions and Answers

What are some examples of transactions that contribute to globalization?

Trade between unrelated firms

Migration of individuals

Investment in local production facilities by multinational firms

All of the above (correct)

Which of the following best describes globalization?

The sharing of technical information between countries

The movement of goods and services within a country

The migration of individuals from one country to another

The integration and interconnectedness of countries' markets through economic transactions across borders (correct)

What is one way in which globalization can be organized?

Through transactions within international enterprises (correct)

Through financial instruments

Through government policies

Through temporary labor migration

What is foreign direct investment in the context of globalization?

Investment in local production facilities by multinational firms Signup and view all the answers

What do international economists consider as a key aspect of globalization?

Integration of countries' markets Signup and view all the answers

Which of the following is NOT a form of globalization mentioned in the text?

Cultural exchange Signup and view all the answers

What is one factor that facilitates globalization?

All of the above Signup and view all the answers

What can investment do in terms of development processes?

Convert information, technologies, and management practices Signup and view all the answers

What is the origin of the term 'globalization'?

Latin Signup and view all the answers

What is one common perception of globalization?

Increasing trade volume in goods and services Signup and view all the answers