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Questions and Answers
What is the aim of economic globalization?
What is the aim of economic globalization?
- Limiting the free movement of capital
- Facilitating the exchange of goods, services, capital, and the movement of labor (correct)
- Creating barriers to impede the movement of trade
- Imposing customs and non-tariff restrictions
What does economic globalization represent?
What does economic globalization represent?
- The limitation of the free movement of goods
- The isolation of national economies
- The restriction of international trade
- The global trend towards economic, financial, and trade integration (correct)
What role does the World Trade Organization play in economic globalization?
What role does the World Trade Organization play in economic globalization?
- Liberalizing international trade (correct)
- Limiting the exchange of goods and services
- Promoting isolationist policies
- Imposing restrictions on global trade
What are some actions involved in economic globalization?
What are some actions involved in economic globalization?
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What have international and transcontinental companies contributed to in terms of globalization?
What have international and transcontinental companies contributed to in terms of globalization?
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