Globalization QuizOnline version Test your knowledge of globalization. by Manisha Gupta 1 What is globalization primarily about? a Reducing international trade b Increasing interconnectedness of economies, cultures, and populations c Promoting local cultures only d Isolating national economies 2 Which term describes production spread across multiple countries? a Global value chain b Local production loop c National assembly line d Domestic supply chain 3 Which factor most accelerates globalization in recent decades? a Increased tariffs b Reduced foreign direct investment c Advances in information and communication technology d Decreased international travel 4 What does outsourcing typically involve? a Hiring only domestic workers b Self-sufficient domestic manufacturing c Eliminating service sectors d Delegating production or services to external firms abroad 5 Which group is most affected by global supply chains? a Automobile owners in high-income countries b Local small retailers only c Senior executives in multinationals d Workers in developing countries 6 Which term refers to the inward flow of capital and investment? a Foreign direct investment (FDI) b Domestic investment c Remittances d Public funding 7 Globalization can influence culture by: a Preventing cross-cultural exchange b Isolating communities c Forcing uniform laws d Spreading ideas, foods, and media worldwide 8 Which trade policy is often associated with globalization? a Extensive state controls b Tariff reductions and trade liberalization c Autarky and isolation d Export bans only 9 What is a common critique of globalization? a No environmental impact b Increased income inequality c Uniform wage growth d Universal job creation 10 Which phenomenon involves cross-border movement of people? a Industrial fragmentation b Domestic relocation c Migration d Digital piracy
