Quiz No.1 - Globalization

What does globalization primarily focus on?

• Environmental sustainability

• Economic process of integration

• Cultural integration

• Political alliances

Which of the following is NOT a characteristic of globalization?

• Borderless interaction

• Isolation of cultures

• Intensification of interactions

• Social mobility

Who defined globalization as a process incorporating the people of the world into a single society?

• Anthony Giddens

• Martin Albrow and Elizabeth King

• Roland Robertson

• David Ricardo

What is one key aspect of contemporary globalization?

• Technological stagnation

• Political seclusion

• Economic globalization

• Cultural isolation

Which period saw the first wave of globalization due to the Industrial Revolution?

• Late 20th Century

• Early 20th Century

• 19th Century

• Pre-20th Century

What term was coined by Charles Taze Russell in 1887?

• Globalization

• Cultural Exchange

• Corporate Giants

• World Trade Organization

What is a reason for globalization according to the text?

• Decline in international trade

• Stagnation of technological advancements

• Rapid shrinking of time and distance

• Increased isolationism

Which stage of globalization involves a company taking over its own activities in a new market?

• Stage 2

• Stage 4

• Stage 1

• Stage 3

What is one merit of globalization mentioned in the text?

• Increased job exploitation

• Widening of the rich-poor gap

• Fast innovation from abroad

• Cultural homogenization

What does the term 'comparative advantage' refer to?

• The ability to produce everything more efficiently

• The benefit of specializing in certain goods and services

• The concept of economic isolation

• The principle of cultural superiority