Globalization has changed the world since the mid-20th century by:A.encouraging people to buy goods from local markets.B.increasing economic connections between countries.C.reducing trade between countries that are far apart.D.creating inflation that has greatly slowed economic growth.
Question
Globalization has changed the world since the mid-20th century by:A.encouraging people to buy goods from local markets.B.increasing economic connections between countries.C.reducing trade between countries that are far apart.D.creating inflation that has greatly slowed economic growth.
Solution
The correct answer is B. Globalization has changed the world since the mid-20th century by increasing economic connections between countries. This has been achieved through the removal of trade barriers, advancements in technology, and improved transportation, which have all made it easier for countries to do business with each other. This increased interconnectivity has led to a more integrated global economy, where events in one part of the world can have significant impacts on economies elsewhere.
Similar Questions
How has technology affected globalization in the 20th century?A.New computer technology has made it more expensive to start new businesses.B.New shipping technology has made it cheaper to send goods to other countries.C.New construction technology has allowed cities to grow larger than ever before.D.New farming technology has made people more likely to sell produce in local markets.
Globalization is a phenomenon which gained prominence with global trends and economic activities.
One of the major positive effects of globalization is:A.faster spread of technology and ideas around the world.B.decreased environmental damage from burning fossil fuels.C.less economic competition between different countries.D.businesses choosing to hire more workers in their own countries.
What is a major advantage of globalization?A.Economies around the world no longer have to deal with inflation.B.Fewer companies are creating pollution by shipping goods long distances.C.Businesses are able to sell products to customers around the world.D.Consumers are able to support their local economies more easily.
What are some effects on the global economy due to globalization.
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