Globalization as Internationalization and Liberalization

Question 1

True or False

In Globalization, there is an exchange of goods and ideas

Answer 1

True

Question 2

True or False

Internet is a major contributor to Globalization

Answer 2

True

Question 3

True or False

Globalization is the process of integration and the International influence of economies and cultures

Answer 3

True

Question 4

True or False

Cultures were transmitted globally

Answer 4

True

Question 5

True or False

In Globalization, enforcement of barriers to international trades, and restrictions to movements of capital and investments

Answer 5

False

Question 6

An economic process that aims to integrate countries’ economies globally

Answer 6

Globalization

Question 7

Related to a firm’s movement overseas, artists performing overseas, Filipinos working overseas

Answer 7

Internationalization

Question 8

Process of increasing involvement of enterprises in international market

Answer 8

Internalization

Question 9

perform at the international standards with our domestic labor, natural
resources to compete for the global market

Answer 9

Internalization

Question 9

integrate the
economies with integrity and unity globally to use other nations’ labor, capital, and resources to reach
the best results

Answer 9

Globalization

Question 10

removing restrictions; usually, government rules and regulations
are imposed on social, economic, or political matters

Answer 10

Liberalization

Question 11

loosening of government controls

Answer 11

liberalization

Question 12

True or False

Globalization is the result of internationalization

Answer 12

True

Question 13

True or False

Trade is the least factor of Globalization

Answer 13

False

Question 14

True or False

Internalization is related to a firm’s movement overseas

Answer 14

True

Question 15

True or False

Globalization is a process that aims is to disintegrate the economies of the countries in the world

Answer 15

False

Question 16

True or False

Internationalization is an improvisation process as it well lead to the expansion of the business across the nations

Answer 16

True

Question 17

True or False

Organizations like IMF, World Bank, WTO, etc., observed and worked to implement Globalization

Answer 17

True

Question 18

True or False

Global integration means that nations are not free to trade. Free trade, specialization, and global integration mean that nations are free to trade

Answer 18

False

Question 19

True or False

Institutions like the European Union (EU), Asia Pacific Economic Cooperation (APEC), North
Atlantic Free Trade Agreement, NAFTA, etc., support and boost Internationalization.

Answer 19

True

Question 20

True or False

Liberalization is the implementation of restrictions on human activities

Answer 20

False

Question 21

True or False

Philippine Passport is not accepted anywhere in the world visa-free.

Answer 21

False

Question 22

True or False

Same-sex marriage is allowed in all countries

Answer 22

False

Question 23

True or False

Legalizing marijuana as medicine is very bad for chronically ill persons

Answer 23

False

Question 24

True or False

Being liberal-minded person, you can freely do what you want to do

Answer 24

True