Understanding Globalization
5 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

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?

  • 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?

  • 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?

    <p>Removing customs and non-tariff restrictions and barriers</p> Signup and view all the answers

    What have international and transcontinental companies contributed to in terms of globalization?

    <p>Transforming the world into a large, sprawling market</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser