Which of the following is a key driver of globalization?

Advancements in technology

International trade

Global communication networks

Local farming practices

What does the term 'Outsourcing' refer to in the context of globalization?

Contracting work to an external company or individual

Expanding operations within a country

Creating a new product line

Reducing costs through automation

Which international organization promotes economic cooperation and globalization?

World Trade Organization (WTO)

United Nations (UN)

International Monetary Fund (IMF)

European Union (EU)

Which of the following is a potential downside of globalization?

Income inequality

Cultural homogenization

Increased access to diverse products

Environmental sustainability

What is the process by which countries remove restrictions on trade and investment to promote globalization?

Deregulation

Nationalization

Protectionism

Subsidization

Which term describes the integration of economies, cultures, and societies on a global scale?

Globalization

Isolationism

Localization

Nationalism

What is a common example of cultural globalization?

McDonald's restaurants in multiple countries

Traditional local festivals

Regional dialects

Indigenous art forms

What is the term for the movement of people, ideas, and cultures across national boundaries?

Transnationalism

Isolationism

Nationalism

Localization

What is the term for the process of adapting products or services to meet the needs of different markets globally?

Localization

Standardization

Homogenization

Centralization

What is the term for the worldwide spread of Western culture and values?

Westernization

Easternization

Globalization

Indigenization

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