Understanding Globalization

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Questions and Answers

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?

  • 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?

  • Non-governmental organizations
  • International and transcontinental companies (correct)
  • Small-scale enterprises
  • Local businesses only

What does globalization encourage across international borders?

<p>Free movement of capital, goods, and services (D)</p> Signup and view all the answers

What are examples of types of globalization mentioned in the text?

<p>Economic, cultural, political (D)</p> Signup and view all the answers

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