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Pretest: A Changing Globe

Economic Globalization: Mastery Test

Drag each label to the correct category.

Decide whether each item is a benefit or cost of economic globalization.

Benefits:
- access to a larger market
- increase in production of goods

Disadvantages:
- loss of jobs in developed countries
- depletion of natural resources

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Answer :

GinnyAnswer

Final answer:

Globalization involves benefits and costs in economic terms.


Explanation:

Globalization refers to the integration of governments, cultures, and financial markets through international trade. When considering economic globalization, there are benefits such as access to a larger market and an increase in production of goods. On the other hand, there are costs like loss of jobs in developed countries and the depletion of natural resources.


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