Quiz No.1_Globalization

What does globalization primarily focus on?

• Environmental sustainability

• Political alliances

• Economic process of integration

• Cultural integration

Which of the following is NOT a characteristic of globalization?

• Isolation of cultures

• Borderless interaction

• Intensification of interactions

• Social mobility

According to Martin Albrow and Elizabeth King, globalization is a process that incorporates people into what?

• Regional alliances

• National economies

• A single world society

• Multiple local societies

What is one key aspect of contemporary globalization?

• Economic globalization

• Technological stagnation

• Political seclusion

• Cultural isolation

Which stage of globalization involves a domestic company moving into a new market overseas?

• Stage 3

• Stage 4

• Stage 2

• Stage 1

What is a major reason for globalization?

• Increased local markets

• Political instability

• Isolation of economies

• Rapid shrinking of time and distance

What does the term 'comparative advantage' refer to?

• The ability to specialize in certain goods and services

• The dominance of one country over another

• The equal distribution of resources

• The ability to produce everything more efficiently

Which of the following is an example of environmental globalization?

• Technological innovations

• Shared global challenges like climate change

• International trade agreements

• Cultural exchange programs

What was a significant development in the late 20th century regarding globalization?

• The isolation of economies

• The decline of international trade

• The creation of the World Trade Organization

• The rise of local businesses

What does the term 'borderless interaction' imply in the context of globalization?

• Limited communication across borders

• Free movement of goods and services

• Strict immigration policies

• Cultural segregation