Question : What is a consequence of globalization on economic change?
Option 1: Decreased trade barriers
Option 2: Lowered economic growth
Option 3: Increased self-sufficiency
Option 4: Reduced global competition
Correct Answer: Decreased trade barriers
Solution : A consequence of globalisation on economic change is decreased trade barriers, which facilitates the flow of goods, services, and capital across borders, promoting economic integration.
Question : What is a key feature of economic globalization?
Option 2: Increased nationalization
Option 3: Reduced foreign investment
Option 4: Decline in international cooperation
Question : What is a psychological effect of discrimination?
Option 1: Increased self-esteem
Option 2: Improved mental health
Option 3: Decreased stress levels
Option 4: Lowered self-worth
Question : What is a key benefit of international trade for developing countries?
Option 1: Decreased economic growth
Option 2: Increased self-sufficiency
Option 3: Access to advanced technologies
Option 4: Reduced need for foreign investment
Question : What challenge do South Asian countries face due to economic globalization?
Option 1: Decline in traditional cultural practices
Option 2: Increased vulnerability to global economic shocks
Option 3: Decreased foreign direct investment
Option 4: Reduction in regional trade agreements
Question : What is a positive impact of economic globalization on South Asia?
Option 1: Decreased foreign investment
Option 2: Increased regional isolation
Option 3: Enhanced connectivity with global markets
Option 4: Reduced cultural diversity
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