Question : What is a key feature of economic globalization?
Option 1: Decreased trade barriers
Option 2: Increased nationalization
Option 3: Reduced foreign investment
Option 4: Decline in international cooperation
Correct Answer: Decreased trade barriers
Solution : A key feature of economic globalization is the decrease in trade barriers, allowing for increased trade and economic integration between countries.
Question : What is a consequence of globalization on economic change?
Option 2: Lowered economic growth
Option 3: Increased self-sufficiency
Option 4: Reduced global competition
Question : What is a key characteristic of economic globalization?
Option 1: Decreased international trade
Option 2: Increased protectionism
Option 3: Increased flow of capital across borders
Option 4: Decreased foreign direct investment
Question : Which of the following is a key driver of globalization?
Option 1: Decreased communication technology
Option 2: Increased trade barriers
Option 3: Advances in transportation
Option 4: Reduced foreign direct 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
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