Effects of Globalization

What has globalization led to according to the article?

• Decreases in standards of living globally

• Increases in standards of living globally

• No change in standards of living

• Decreases in economic activities worldwide

Are the effects of globalization positive for everyone?

• Yes, for everyone

• No, not for everyone

• Only for developing countries

• Only for developed countries

How many people are employed by the garment industry in Bangladesh according to the text?

• 400,000

• 4 million

• 40 million

• 400 million

What is the primary effect of globalization mentioned in the text?

• Decrease in cultural diversity

• Increase in standard of living in developing countries

• Reduction in international trade

• Increase in unemployment rates

According to the text, how does the average monthly earnings of a garment worker in Bangladesh compare to the daily earnings of a U.S. worker?

• It is about the same

• It is less

• It is more

• It is twice as much

What is globalization often associated with, besides economics?

• Sports and entertainment

• Politics and culture

• Health and environment

• Education and technology

What was the Silk Road primarily used for in the context of early globalization?

• A) A religious pilgrimage route

• B) A network for digital communication

• C) A trade route connecting multiple regions

• D) A defensive alliance against invasions

For how many years did Europeans trade goods like glass and spices for Chinese silk as mentioned in the text?

• A) More than 1,000 years

• B) More than 1,500 years

• C) More than 2,000 years

• D) More than 500 years

What does the Columbian Exchange refer to?

• A) The exchange of ideas between the Americas and Europe

• B) The transfer of plants, animals, foods, and cultures between the New World and the Old World

• C) A financial agreement between the European and American governments

• D) The development of new technologies in the 15th century

Which of the following is cited as a factor that facilitates globalization according to the text?

• A) Political instability

• B) Decreased communication capabilities

• C) Improved fiscal policies and international trade agreements

• D) Isolationist economic policies