The Globalization Impact Quiz
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Questions and Answers

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?

  • 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?

  • Isolationist policies
  • Technological growth (correct)
  • Decrease in information flow
  • Reduction in cross-border trade

    • How does increased competition impact consumers?

    <p>Brings about the production and delivery of quality goods and services</p> Signup and view all the answers

    What does globalisation impact, according to the text?

    <p>Not just individual economies but the world economy</p> Signup and view all the answers

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