Question : Globalization has led to:
Option 1: A decrease in cultural diversity
Option 2: An increase in local market autonomy
Option 3: A reduction in international trade barriers
Option 4: A decline in multinational corporations
Correct Answer: A reduction in international trade barriers
Solution : Globalization has led to a reduction in international trade barriers, facilitating the flow of goods, services, and capital across borders.
Question : Globalization has led to the expansion of:
Option 1: National boundaries
Option 2: Trade barriers
Option 3: Local markets
Option 4: Multinational corporations
Option 1: Decreased cultural exchange
Option 2: Increased cultural homogenization
Option 3: Reduced influence of multinational corporations
Option 4: Enhanced preservation of local traditions
Question : Globalisation has led to an increase in:
Option 1: National trade barriers
Option 2: Local market monopolies
Option 3: Cross-border investments
Option 4: Economic isolationism
Question : What is a significant impact of globalisation on international trade?
Option 1: Decrease in trade agreements
Option 2: Increase in trade barriers
Option 3: Growth in global supply chains
Option 4: Reduction in international trade volume
Question : How has globalization affected markets?
Option 1: By reducing international trade
Option 2: By increasing local cultural practices
Option 3: By standardizing products and services worldwide
Option 4: By decreasing the influence of multinational corporations
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