2-3_topic test

What is the primary economic goal of globalization?

• Reduce cultural diversity

• Limit international trade

• Increase economic interdependence

• Promote protectionism

Which of the following is a positive effect of globalization?

• Increased quotas

• Access to national investment

• Access to foreign investment

• Increased tariffs

What does outsourcing usually mean in a globalized economy?

• Buying only local products to help small businesses

• Hiring more local workers to improve community support

• Moving some jobs or services to other countries to reduce costs

• Sending workers abroad for cultural exchange programs

Which of the following are examples of trade barriers?

• Discounts for products made in local factories

• Tariffs on imported goods and limits on how much can be imported (quotas)

• Free trade agreements between countries

• Fast shipping services for international products

How does globalization affect labor markets?

• Reduces migration

• Stabilizes all job markets

• Increases job opportunities and labor mobility

• Encourages self-sufficiency

Which international institution supports global financial stability?

• UNESCO

• IMF

• WHO

• EU

What is cultural globalization most closely associated with?

• International taxation

• Universal languages

• Spread of music, food, and media

• Climate policy agreements

Why are developing countries sometimes critical of globalization?

• They benefit from too much foreign investment

• It increases their technological advantage

• It can deepen inequality and dependency

• It allows local industries to flourish

Which of the following is not a driver of globalization?

• Trade liberalization

• Internet and communication technologies

• National isolation

• Multinational corporations

What role do multinational corporations play in globalization?

• They limit competition

• They facilitate global production and services

• They decrease market access

• They operate only in their home countries