1. This are the advantages of Globalization, except?

d. Standardization of Living

2. The best meaning of Globalization

a. Globalization is the spread of products, technology, information, and jobs across national borders and

cultures. In economic terms, it describes an interdependence of nations around the globe fostered

through free trade.

3. It refers to a multidimensional set of social processes that create, multiply, stretch, and intensify worldwide

a. Globalizing

4. This are the disadvantages of Globalization

d. Easier to Communicate throughout the boundaries

5. It leads to greater interaction among various populations.

b. Socially

6. Indicators of Globalization that growing at more rapid rate than world output

b. International trade

7. The several key factors that intensive industries such as clothing can take advantage of cheaper labor costs

and reduced legal restrictions in LEDCs.

c. Labor availability and skills

8. Organizations like the World Trade Organization (WTO) promote free trade between countries, which help to remove barriers between
countries

b. Freedom of trade

9. This key factor allowed greater communication between people in different countries using mobile

technology.

a. Improvements of communications

10. This key factor transporting larger cargo ships mean that the cost of transporting goods between countries

has decreased.

d. Improvements in transportation

11. Which country have a lower labour cost?

b. Europe

12. When FDI occurs, what are the long-run effects of FDI on industry output in the recipient nation?

c. The capital-intensive industry expands; the labor-intensive industry contracts.

13. How many years has passed since the Cross-border inter-firm agreements have risen dramatically?

c. 20 years

14. Larger cargo ships mean that the cost of transporting goods between countries has decreased. Economies of

scale mean the cost per item can reduce when operating on a larger scale means?

a. Improvements in transportation
15. Globalization:

b. Lowers prices and increases productivity.

16. It is the spread product technology information, jobs, across the national borders and culture.

a. Globalization

17. It also represent a trend toward the development of a single world culture.

c. Globalization

18. Is growing at more rapid rate than world output

a. International trade

19. It promote free trade between countries which help remove barriers between country?

c. Both A and B

20. Larger cargo ships mean that the cost of transporting goods between countries has decreased?

a. Improvements of transportation