Features of Globalization - SS3 Economics Past Questions and Answers - page 1
Which of the following is a key feature of globalization?
 Increased trade and investment
Decreased cultural exchange
Â
Technological regression
Reduced economic growth
What has facilitated the exchange of cultural ideas, values, and practices between people from different regions and countries?
Technological advancements
Economic growth
Â
Environmental concerns
Decreased competition
What is a possible challenge brought about by globalization?
Increased trade and investment
Reduced environmental concerns
Decreased competition
What impact has globalization had on businesses?
Decreased competition
Reduced access to larger markets
Increased competition from companies based in other countries
Â
Increased access to larger markets
Which of the following is NOT a feature of globalization?
Technological advancements
Cultural exchange
Â
Economic stagnation
Increased competition
What are the two benefits of globalization?
Loading lesson…