POBF Stretch Your Boundaries 5.03E

Which of the following is a true statement about globalization:

• It is a purely economic term

• It has had a minimal impact on the world

• Its pace is slowing down

• It involves the flow of ideas across national borders

The technology that has had the most influence on globalization has been

• television

• the Internet

• inexpensive telephone service

• wireless connections

How has the ability to travel more freely contributed to globalization?

• It breaks down political barriers between countries

• It escalates competition between businesses

• It helps enable the spread of culture and ideas

• It promotes a sense of nationalism

Which of the following is a true statement about globalization and political barriers:

• The world is much more politically open than it used to be

• Many countries are sealed off from the rest of the world due to communism

• The United States has very few trading partnerships with other countries

• In the future, there will be more political barriers between countries

Globalization can be an advantage for businesses because it

• can contribute to a phenomenon called “brain drain.”

• increases competition

• can help them to cut costs for certain resources

• inhibits the ideas of other businesses

Free exchange of ideas contributes to

• more instances of offshoring

• fewer choices for consumers

• decreased competition

• greater business innovation

How has globalization affected consumers?

• It has increased competition between them

• It has given them a bigger and better variety of products to choose from

• It has made them more close-minded toward other cultures

• It has helped them to save on taxes

“Brain drain” occurs when

• a country loses talented employees to better opportunities overseas

• consumers spend too much time shopping online

• businesses outsource jobs to other countries

• people who speak different languages try to communicate with each other

Globalization can be a disadvantage for domestic workers when they lose their jobs due to the practice of

• exporting

• nationalism

• environmental degradation

• offshoring

Environmental degradation occurs because of

• increased production

• offshoring

• nationalism

• decreased competition