Question

Match each example to the recent phenomenon of globalization it exemplifies. Drag each item on the left to its matching item on the right.

1. New markets
2. New rules
3. New players
4. New means of exchange

a. Trade agreements
b. Stock exchanges
c. Zoom videoconferencing
d. The Red Cross

Answer 1

Globalization involves new markets, new rules, new players, and new means of exchange. Examples include trade agreements, stock exchanges, and Zoom videoconferencing.

Step-by-step explanation:

Globalization refers to the expanding cultural, political, and economic connections between people across the world. It involves various phenomena, such as new markets, new rules, new players, and new means of exchange.

An example of new markets exemplifying globalization is trade agreements, which enable countries to establish economic relationships and open up new trading opportunities. Stock exchanges represent new means of exchange, as they facilitate the buying and selling of financial assets globally. Zoom videoconferencing is an illustration of new players in globalization, as it enables people from different countries to communicate and collaborate virtually.

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