social studies

How is globalization primarily characterized?

• a. The swift movement of people, information, and goods across borders.

• b. The fading of traditional customs.

• c. The decrease in global trade

• d. The separation of local economies.

What type of globalization involves sending services to a neighboring country?

• a. Offshoring

• b. Nearshoring

• c. Outsourcing

• d. Onshoring

What was a major impact of globalization on cultural aspects?

• Reduced communication among countries

• Isolation of cultural identities

• Quick sharing of ideas and media through digital channels

• Abolishment of global trade

What term refers to outsourcing services within the same nation?

• Global sourcing

• Nearshoring

• Onshoring

• Offshoring

In what way did political globalization influence nations?

• a. It obstructed international relations

• b. It fostered economic growth and enhanced living standards

• C. It led to complete national isolation

• d. It resulted in weakened local governance

Which example illustrates offshoring?

• A U.S. company partnering with a local service provider

• A European firm outsourcing work to a company in India.

• A business employing local workers.

• A multinational corporation establishing a branch in its home country

According to the International Fair Trade Association, what is the main aim of fair trade?

• To ensure fair prices and safeguard the interests of small producers

• To maximize corporate profits

• To eliminate competition among businesses

• To promote monopolistic practices

Which historical event is an example of globalization?

• The emergence of local craft markets

• The invention of the internet

• The spread of Islam in the seventh century

• The establishment of national parks

What is a defining feature of cautious globalization?

• Complete openness to foreign markets

• Imposing tariffs on imports to protect local industries

• Abolishing local taxes

• Unrestricted access to international markets

What role do Filipino Overseas Workers (OFWs) play in globalization?

• They solely contribute to local economies.

• They exemplify globalization through labor migration.

• They raise local unemployment levels.

• They hinder cultural exchanges.