Understanding Globalization

What has made the growth of global communication and trade networks possible?

• Reduction in the number of languages spoken worldwide

• Local trade practices

• The decrease in global population

• Advances in technology such as mobile phones, aeroplanes, and the Internet

Answer explanation

Advances in technology such as mobile phones, aeroplanes, and the Internet have made the growth of global communication and trade networks possible.

What does globalization mean?

• The process of a country's economy becoming more local

• Decrease in technological advancements

• The separation of countries due to political reasons

• The worldwide coming together of countries and nations

Answer explanation

Globalization means the worldwide coming together of countries and nations, making it the correct choice among the options provided.

Why can a company from country B sell televisions at a lower price in country A?

• Because they were produced for less

• Because they use less electricity

• Because they have a monopoly over television production

• Because they have better technology

Answer explanation

The company can sell televisions at a lower price in country A because they were produced for less, leading to cost savings.

What is a direct result of globalization in terms of product availability?

• Fewer products are available to people

• Products are only available in industrialized countries

• More affordable products are available for more people

• Only luxury products are available for more people

Answer explanation

Globalization leads to more affordable products being available for more people due to increased competition and access to international markets.

Besides products and economic goods, what else is exchanged due to globalization?

• Services, knowledge, cultural goods, and languages

• Only financial services

• Only technological devices

• Nothing else

Answer explanation

Globalization involves the exchange of services, knowledge, cultural goods, and languages in addition to products and economic goods.

What is a negative effect of globalization?

• Decrease in international trade

• People and the environment often suffer

• Better job opportunities in industrialized countries only

• Improved social insurance for all workers worldwide

Answer explanation

Globalization can have negative effects on people and the environment, leading to suffering in various forms such as exploitation, displacement, and environmental degradation.

How does globalization affect job opportunities?

• It has no effect on job opportunities

• It opens up job opportunities in economically disadvantaged countries

• It eliminates all job opportunities in economically disadvantaged countries

• It creates job opportunities only in industrialized countries

Answer explanation

Globalization opens up job opportunities in economically disadvantaged countries by increasing trade and investment, leading to economic growth and job creation.

What is one ecological problem caused by globalization?

• Decrease in the use of aeroplanes, ships, and lorries

• Improved national environmental standards worldwide

• Increase in global warming due to more carbon dioxide release

• Decrease in carbon dioxide in the atmosphere

Answer explanation

Globalization leads to an increase in global warming due to more carbon dioxide release from increased transportation and industrial activities.

Why do companies move production to economically disadvantaged countries?

• To reduce their carbon footprint

• Because of the higher quality of goods produced

• To take advantage of lower production costs

• To improve local economies only

Answer explanation

Companies move production to economically disadvantaged countries to take advantage of lower production costs, which can lead to increased profits.

What is an important realization about globalization?

• It is neither good nor bad, but depends on how it is managed

• It only benefits industrialized countries

• It is inherently good

• It is inherently bad

Answer explanation

Globalization is neither inherently good nor bad, but its impact depends on how it is managed. It can have positive or negative effects based on various factors.