PRELIM: GE7 QUIZ 1.1

1. 1. It is the process by which ideas, knowledge, information, goods, and services spread around the world.

Give the 3 Components of Globalization.

• Cultural, Political, Economic

• Technology, Geographic, Ecological

• Economic, Technology, Ecological

• Cultural, Sociological, Geographical

What are the main drivers of globalization?

• Technology, Economics, Politics

• Culture, Geography, Environment

• Politics, Sociology, Technology

• Economics, Culture, Environment

Explain the impact of globalization on cultural diversity.

• It promotes cultural exchange and diversity

• It leads to the homogenization of cultures

• It has no impact on cultural diversity

• It only affects economic aspects

How does globalization affect income inequality?

• It can either increase or decrease income inequality

• It always decreases income inequality

• It always increases income inequality

• It has no impact on income inequality

Give (3) examples of cultural globalization

• Regional cuisine, Folk music, Independent films
• Local cuisine, Classical music, Traditional clothing
• National cuisine, Jazz music, Blockbuster movies
• Global cuisine, Pop music and movies, Fashion trends

Give an example of political globalization

• Formation of international organizations like the United Nations
• Economic globalization through trade agreements
• Technological advancements in communication
• Spread of cultural globalization

Which of the following is an international financial  institution?

• North Atlantic Treaty Organization (NATO)
• United Nations Educational, Scientific and Cultural Organization (UNESCO)
• World Health Organization (WHO)
• International Monetary Fund (IMF)

Explain the concept of economic globalization.

• It refers to the integration of national economies through trade, investment, and capital flow

• It focuses on the spread of cultural values and norms across borders

• It involves the formation of international political alliances

• It is solely related to technological advancements

What are the potential challenges of globalization?

• Increased economic opportunities for all individuals

• Loss of cultural identity and diversity

• Enhanced environmental sustainability

• Improved political stability worldwide