What is a key component of the definition of globalization?
Globalization: Definition, Causes, and Impacts

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Business
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11th Grade - University
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Hard
10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Political alliances
Economic and financial integration
Social media influence
Cultural exchange
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor is NOT mentioned as a driver of globalization?
Technology and communications
Cultural festivals
Transportation
Comparative advantages
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has globalization affected specialization in countries?
It has made specialization obsolete
It has no impact on specialization
It has led to intense specialization
It has reduced specialization
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one environmental impact of globalization?
Depletion of natural resources
Reduction in pollution
Increased biodiversity
Stabilization of climate
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant dependency impact of globalization?
Increased reliance on each other
Countries becoming more self-sufficient
Decreased international trade
Isolation of economies
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has globalization impacted income distribution?
It has no effect on income distribution
It has widened income disparities
It has reduced income inequality
It has equalized income distribution globally
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major risk associated with increased interdependency due to globalization?
Increased self-sufficiency
Decreased global trade
Simultaneous economic rise and fall
Countries becoming more isolated
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has been a consequence of globalization for the UK's trade balance?
A consistent trade surplus
An ever-increasing trade deficit
A balanced trade account
No change in trade balance
9.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one positive effect of globalization on the UK economy?
Increased inflation
Controlled prices and growth in real output
Decreased employment opportunities
Reduced economic capacity
10.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which year marked the deregulation of financial markets known as Big Bang?
1992
1991
2000
1986
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