Title: Examen Globalización (globalization)

Globalization is a phenomenon that changes the economy in different countries.

Q: Globalization is a phenomenon that changes the economy in different countries.
A: true

In the past, goods and services were produced locally. Nowadays, as a consequence of globalization, we have many options when it comes to purchasing a product or service

Q: In the past, goods and services were produced locally. Nowadays, as a consequence of globalization, we have many options when it comes to purchasing a product or service
A: true

More efficient methods of communication and international transportation have helped to break down geographical and linguistic barriers

Q: More efficient methods of communication and international transportation have helped to break down geographical and linguistic barriers
A: true

Globalization makes the world a single market and the economies of different countries depend on each other

Q: Globalization makes the world a single market and the economies of different countries depend on each other
A: true

Examples of globalization characteristics:

Q: Examples of globalization characteristics:
- Poverty, political relationships, employment increase
- Growth of international trade, dependence on the world economy (correct)
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Migration and technological improvement are factors that have increased the speed of globalization. Likewise, the development of countries linked by free trade agreements has also contributed to the growth of globalization

Q: Migration and technological improvement are factors that have increased the speed of globalization. Likewise, the development of countries linked by free trade agreements has also contributed to the growth of globalization
A: true

Free trades are significant representations of globalization

Q: Free trades are significant representations of globalization
A: true

Example of a benefit from globalization:

Q: Example of a benefit from globalization:
- Businesses can access more markets, which leads to an increase in sales (correct)
- Competition will increase for both local and international companies
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One of the most important Free trades that is signed by Mexico

Q: One of the most important Free trades that is signed by Mexico
- USMCA (correct)
- Tratado de Libre Comercio México- Uruguay
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If multinationals start to take over the trade in the host country, smaller businesses may stop competing, having to close down. So, governments often try to control the amount of international trade. Two of the main ways they use are tariffs and branding

Q: If multinationals start to take over the trade in the host country, smaller businesses may stop competing, having to close down. So, governments often try to control the amount of international trade. Two of the main ways they use are tariffs and branding
A: false