Understanding Globalization Quiz
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Questions and Answers

What is the main driver of globalization according to the text?

  • Advancements in information technology (correct)
  • Cultural integration
  • Political systems
  • International trade and investment

    • How does globalization affect economic life?

  • It transforms economic life through advancements in technology (correct)
  • It impacts environmental policies
  • It has no effect on economic life
  • It only impacts consumers

    • According to the IMF, what does globalization involve?

  • Increased isolation of countries
  • Limited cross-border transactions
  • Decrease in international capital flows
  • Growing economic interdependence among countries (correct)

    • Which of the following is NOT mentioned as an effect of globalization in the text?

    <p>Legal systems development</p> Signup and view all the answers

    Who benefits from the advancements in information technology due to globalization?

    <p>Consumers, investors, and businesses</p> Signup and view all the answers

    What role does international trade play in globalization?

    <p>Primary driver of globalization</p> Signup and view all the answers

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