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Questions and Answers
What is the aim of economic globalization?
What is the aim of economic globalization?
- Facilitating the exchange of goods, services, capital, and the movement of labor (correct)
- Protecting domestic industries from international competition
- Limiting the movement of trade across borders
- Imposing strict customs and non-tariff restrictions
What is the role of the World Trade Organization in economic globalization?
What is the role of the World Trade Organization in economic globalization?
- Imposing trade barriers
- Liberalizing international trade (correct)
- Restricting the movement of labor
- Promoting protectionism
Which entities have contributed to transforming the world into a large market?
Which entities have contributed to transforming the world into a large market?
- Non-governmental organizations
- International and transcontinental companies (correct)
- Small-scale enterprises
- Local businesses only
What does globalization encourage across international borders?
What does globalization encourage across international borders?
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What are examples of types of globalization mentioned in the text?
What are examples of types of globalization mentioned in the text?
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