Meaning of Globalization - SS3 Economics Past Questions and Answers - page 1
1
What is globalization?
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A
The process of increasing interconnectedness and interdependence among people, businesses, and countries around the world
B
The process of reducing interconnectedness and interdependence among people, businesses, and countries around the world
C
The process of isolating countries from each other and preventing the flow of goods and services
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D
The process of creating barriers to communication and information sharing between people and businesses around the world
2
What is an example of globalization?
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A
The widespread availability of products from around the world
B
The process of reducing international trade and investment
C
The isolation of countries from each other
D
The prevention of the movement of people across borders for work or educationÂ
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3
What are some potential benefits of globalization?
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A
New opportunities and improved living standards for people around the world
B
Increased competition, inequality, and environmental degradation
C
Isolation of countries and prevention of the flow of goods and services
D
Reduction in international trade and investment
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4
What are some potential risks of globalization?
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A
Increased competition, inequality, and environmental degradation
B
New opportunities and improved living standards for people around the world
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C
Isolation of countries and prevention of the flow of goods and services
D
Reduction in international trade and investment
5
What is one way in which globalization can be seen in modern life?
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A
The ease of communication through technologies like the internet and social media
B
The prevention of the movement of people across borders for work or education
C
The reduction in international trade and investment
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D
The isolation of countries from each other
6
Define globalization in your own words.
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7
What are some potential risks of globalization?
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