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10 Questions

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Understanding Globalization Concepts

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Questions and Answers

What is the main driving force behind globalization according to the text?

Global pandemics

Cultural exchange programs

International trade and investment (correct)

Government regulations

How does globalization affect the environment according to the text?

Negatively impacts the environment due to increased industrialization (correct)

Positively impacts the environment through sustainable practices

It has no impact on the environment

Reduces global warming

Which sector has experienced significant growth and opportunities due to globalization?

Agriculture

Education

Healthcare

Manufacturing (correct)

What is a defining feature of globalization mentioned in the text?

International business structure Signup and view all the answers

How have corporations taken advantage of globalization?

By building foreign factories and establishing partnerships Signup and view all the answers

What is globalization according to the International Monetary Fund (IMF)?

Increased economic independence of countries worldwide Signup and view all the answers

Which characteristic of globalization involves the expansion and stretching of social relations, activities, and connections?

Multiplication of existing connections Signup and view all the answers

During which historical period did the invention of writing and the wheel significantly boost globalization?

Pre-modern Period (3500 BCE-1500 CE) Signup and view all the answers

Which aspect does NOT characterize globalization processes?

Decrease in social relations Signup and view all the answers

What major impact did information technology have on economic actors according to the text?

Made analyses of economic trends more informed and faster Signup and view all the answers