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Questions and Answers
What is globalization?
What is globalization?
- The reduction of cross-border trade and investment
- The stagnation of technological growth
- The growing interdependence of the world’s economies, cultures, and populations (correct)
- The isolation of individual economies from the rest of the world
How long has globalization been in existence?
How long has globalization been in existence?
- Since the 20th century
- Since the digital age
- Since humans started moving from one place to another (correct)
- Since the industrial revolution
What has facilitated the increase of globalization around the world?
What has facilitated the increase of globalization around the world?
- Isolationist policies
- Technological growth (correct)
- Decrease in information flow
- Reduction in cross-border trade
How does increased competition impact consumers?
How does increased competition impact consumers?
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What does globalisation impact, according to the text?
What does globalisation impact, according to the text?
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