Economics · Economy
Which of the following statements about globalization are correct? 1. Globalization leads to increased interconnectedness among economies, cultures, and people. 2. It promotes economic growth through cross-border trade, investment, and technology transfer. 3. Globalization has no impact on social justice and human rights awareness. 4. Trade initiatives help by reducing supply-side and trade-related barriers. 5. Developing countries can benefit from globalization by catching up with developed economies through industrial growth and diversification.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2, 3, and 4
- 21, 2, 4, and 5✓
- 32, 3, 4, and 5
- 41, 3, 4, and 5
Correct answer
1, 2, 4, and 5
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