LESSON 10 - GEN 003

What are some positive aspects of Globalization?

• Increased job loss and exploitation

• Oppression of weaker economies

• Reduced quality of products and services

• Building up struggling countries through free trade

What is the difference between equity and equality?

• Neither term is related to fairness

• Equality refers to offering varying levels of support, while equity refers to equal opportunity

• Equity refers to equal opportunity, while equality refers to offering varying levels of support

• Both terms refer to the same concept

How does Globalization lead to interdependence among nations?

• By creating barriers to trade

• By isolating countries from each other

• By increasing reliance on each other for resources

• By promoting self-sufficiency

What is the positive effect of competition due to Globalization?

• Decreased quality of products and services

• Increased standards and innovation

• Limited consumer choices

• Higher prices for consumers

What is a negative effect on employment due to Globalization?

• Increase in job opportunities

• Adverse effects from technological developments

• Stable employment rates

• Decrease in hidden unemployment

What is the definition of national sovereignty?

• The control of a nation by multinational corporations

• The absolute power by which an independent state is governed

• The authority of foreign governments over a nation

• The power of international organizations over a nation

Does Globalization weaken national sovereignty?

• Yes, it enhances national sovereignty

• No, it has no impact on national sovereignty

• No, it strengthens national sovereignty

• Yes, it erodes national sovereignty

What is the main risk associated with Globalization?

• Economic self-sufficiency

• Interdependence

• National isolation

• Equity distribution

How does Globalization affect job opportunities?

• It has no impact on employment

• It results in job loss in specific industries

• It leads to job creation in all sectors

• It guarantees stable employment for all

What is the impact of Globalization on developing countries?

• It leads to increased wages and job security

• It brings investments and employment opportunities

• It promotes child labor and poor working conditions

• It hinders economic growth and employment