Question

41. Which of the following are characteristics of globalization?
a. the expansion of free markets throughout the world
b. the increasing access to the acquisition of large local companies by multinationals in their expansion of dominance of industries worldwide
c. the imposition of neoliberal policies by global organizations such as the International Monetary Fund
d. The loss of sovereign power of nations to global political-economic organizations and multilateral agreements
e. all of the above
f. none of the above

Answer 1

a. the expansion of free markets throughout the world

Explanation: Globalization promotes flow of goods, services, people, etc. across national borders. Therefore it helps in promoting a free market.