SM2 U10 L3

What has globalization, along with advances in technology and communication, made people, corporations, and brands do?

• Travel across borders less easily

• Travel across borders more easily

• Become more isolated

• Depend less on each other

Which of the following is NOT mentioned as a way people can easily get in touch due to globalization?

• Phone

• E-mail

• Instant messaging

• Handwritten letters

What has the ease of communication and freer global trade resulted in?

• Decreased efficiency

• Improved efficiency and competition

• Less economic changes

• Reduced market demands

How have companies benefited from globalization?

• They have become less responsive to economic changes

• They have become more responsive to economic changes

• They face less competition

• They share fewer technologies

Which aspect of living has improved for many countries due to globalization?

• Standard of living

• Population growth

• Political stability

• Cultural homogeneity

What economic benefit is mentioned for many people as a result of increased imports and exports?

• Decrease in income

• Increase in income

• Decrease in consumer choices

• Increase in taxes

What has the increase in prosperity made possible?

• Decreased investment in infrastructure

• Increased investment in new infrastructure

• Decreased technological advancements

• Reduced competition

Which of the following is NOT listed as new infrastructure that has been invested in due to increased prosperity?

• Roads

• Bridges

• Buildings

• Universities