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Question
Identify the correct statements about globalization.
- Removal of barriers by the government.
- Foreign companies are allowed to set up factories.
- This has enabled all companies to increase their investments.
- Has lessened foreign investment and foreign trade.
Options
I & II
II & III
I & III
II & IV
Solution
I & II
Explanation:
- Governments remove barriers to efficient global trade as a result of globalization.
- Globalization enables foreign companies to establish factories all over the world.
- Foreign investment policies enabled multinational corporations to increase their investments.
- Import trade barriers reduce foreign investment and foreign trade.
Thus, Options I & II are correct.
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