Understanding Globalization: Pros and Cons

Which of the following is a primary benefit of globalization?

• Increased cultural homogeneity

• Enhanced economic growth and trade

• Decreased competition among businesses

• Reduction in environmental issues

What is a significant disadvantage of globalization for developing countries?

• Access to advanced technology

• Loss of local industries

• Increased foreign investment

• Cultural exchange

Globalization can lead to cultural homogenization. What does this mean?

• Cultures become more diverse

• Cultures become more similar

• Cultures become isolated

• Cultures become extinct

Which of the following is an economic benefit of globalization?

• Increased tariffs on imports

• Greater access to foreign markets

• Decreased foreign competition

• Reduced labor mobility

How does globalization affect employment in developed countries?

• It guarantees job security

• It can lead to job outsourcing

• It reduces the need for skilled labor

• It eliminates unemployment

Which of the following is a social disadvantage of globalization?

• Improved global communication

• Increased cultural exchange

• Loss of cultural identity

• Enhanced international cooperation

In the context of globalization, what does the term "outsourcing" refer to?

• Importing goods from other countries

• Exporting goods to other countries

• Relocating production to another country

• Increasing domestic production

Which of the following statements best describes the impact of globalization on environmental issues?

• Globalization always leads to environmental improvement

• Globalization has no impact on the environment

• Globalization can exacerbate environmental degradation

• Globalization ensures strict environmental regulations

What role does technology play in globalization?

• It hinders global communication

• It facilitates global connectivity

• It restricts access to information

• It decreases international trade

Which of the following is a potential benefit of globalization for consumers?

• Limited product choices

• Higher prices for goods

• Access to a wider variety of products

• Decreased product quality