Question

Which of the following statements is true about globalization?

1) Financial capital can be obtained in one national market and used to buy raw materials in another one.
2) Manufacturing equipment bought from another market produces products sold in yet another market.
3) Globalization enhances the available range of opportunities for firms.
4) All of the above

Answer 1

All of the provided statements are correct in explaining aspects of globalization, which enables companies to source capital, materials, and labor across different markets, ultimately enhancing opportunities for firms worldwide.

Step-by-step explanation:

Globalization involves various aspects of economic integration and international exchange. To address the question of which statement is true about globalization:

1. Financial capital can be obtained in one national market and used to buy raw materials in another one.
2. Manufacturing equipment bought from another market produces products sold in yet another market.
3. Globalization enhances the available range of opportunities for firms.

All of the above statements are true, reflecting the complexity of globalization which can create opportunities and also present economic challenges. Firms are able to source capital, materials, and manufacturing solutions from around the globe, taking advantage of economic disparities and technological advances that make distant transactions more viable.