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Features of Globalization - SS3 Economics Past Questions and Answers - page 1

1
Which of the following is a key feature of globalization?
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A
Increased trade and investment
B

Decreased cultural exchange

 

C
Technological regression
D
Reduced economic growth
2
What has facilitated the exchange of cultural ideas, values, and practices between people from different regions and countries?
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A
Technological advancements
B

Economic growth

 

C
Environmental concerns
D
Decreased competition
3
What is a possible challenge brought about by globalization?
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A
Increased trade and investment
B
Reduced environmental concerns
C
Decreased competition
4
What impact has globalization had on businesses?
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A
Decreased competition
B
Reduced access to larger markets
C

Increased competition from companies based in other countries

 

D
Increased access to larger markets
5
Which of the following is NOT a feature of globalization?
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A
Technological advancements
B

Cultural exchange

 

C
Economic stagnation
D
Increased competition
6
Define globalization in simple terms.
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7
What are the two benefits of globalization?
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