Which of the following has been reduced as a result of globalization?
A)Volume of goods and services
B)Foreign exchange transactions
C)Environment and labor laws
D)Differences in material culture
E)Regulation of markets

Question

Quizplus · Accepted Answer

Globalization has actually increased the differences in material culture among countries, since it has facilitated the spread and commercialization of unique cultural goods and practices around the world (such as ethnic foods or traditional crafts). On the contrary, globalization has often led to the reduction or harmonization of regulations and barriers to trade, such as environmental and labor laws, foreign currency restrictions, and market regulations. The volume of goods and services and foreign exchange transactions have also generally increased with globalization, rather than decreased.

Which of the Following Has Been Reduced as a Result