1. Directions

You will read passages on the topic and then answer questions about them. You may find vocabulary at the end of the test. Read the questions carefully before choosing the correct answers.

2. Questions of the test

Question 1. What is one of the main benefits of globalization?
A) It can stimulate economic growth and development
B) It can lead to the transfer of knowledge, technology, and capital from developed to developing countries
C) It can lead to the homogenization of cultures
D) All of the above

Question 2. Which of the following is NOT a potential challenge associated with globalization?
A) It can lead to the outsourcing of jobs to countries with lower labor standards
B) It can exacerbate income inequality within and between countries
C) It can lead to increased cultural exchange and understanding
D) It can result in the homogenization of cultures

Question 3. Which of the following factors can shape the process of globalization?
A) Trade agreements
B) Investment flows
C) The movement of people
D) All of the above

Question 4. Which of the following statements about globalization is NOT true?
A) It is driven by advances in transportation, communication, and technology
B) It can lead to the transfer of knowledge, technology, and capital from developed to developing countries
C) It can lead to the homogenization of cultures
D) It is a phenomenon that has only economic implications

Question 5. What is one way that governments can shape the impact of globalization?
A) By negotiating trade agreements
B) By regulating the flow of capital and people
C) By promoting cultural exchange
D) All of the above