Globalization QUIZIZZ

What is globalization?

• Increased desire to be isolated from other countries

• Increased national pride compared to the rest of the world

• Increased international trade

• Increased immigration

What is the driving force behind globalization?

• Geography

• Religion

• Technology

• Language

Who benefits the most from Globalization?

• No one

• Developing countries

• All countries equally

• Developed countries

What is a positive outcome of globalization for consumers?

• Increased Price

• Limited Choice

• Decreased quality

• Access to more products

What is a potential downside of globalization for workers?

• Balanced Work-Life

• Career Advancement

• Access to increased wages

• Job insecurity

What is an example of a globalized industry?

• Local farms

• Automobile manufacturing

• Traditional craftsmanship

• Family owned businesses

Which of the following statements are TRUE about globalization?

• The world is currently in a state of globalized trade

• Globalization leads to nations being unwilling to work with each other

• Globalization leads to restrictive borders, therefore preventing trade between nations

• America has decided not to participate in a globalized world.

Increasing interdependence of nations and peoples across the globe.

• Infrastructure

• Globalization

• Interdependence

• Specialization

The exchange of goods and services by sale or barter driven by the need for resources.

• Fair Trade

• Globalization

• Trade

• Standard of Living

A policy in which a nation does not try to limit imports or exports by enacting tariffs (taxes on imports) or subsidies (taxes on exports).

• Free Trade

• Trade

• Goods

• Supply and Demand