access to a larger market
This is a benefit of economic globalization since it will open up a wide range of national, regional, and a lot of other markets in which resources, goods, and services as well as information are free-flowing. Every market will therefore have access to the products of various other markets in the whole world.
loss of jobs in developed countries
Economic globalization has led to an improvement in the developing countries. Unfortunately, this had a negative effect on the jobs already available in the developed countries since the decrease of poverty in other developing countries would cause some immigrants to leave their jobs in the developed countries to go back to their homelands, where significant improvement is already seen.
This is therefore a cost of economic globalization.
depletion of natural resources
Economic globalization would encourage markets to produce a lot more compared to the usual situation since they can export their resources to other markets in various places of the world. This would then lead to some markets specializing based on what they have, causing them to utilize their natural resources more frequently.
Depletion of natural resources is therefore a cost of economic globalization.
increase in production of goods
Because of the free-flowing marketplace of goods and services brought by economic globalization, most markets would see a significant increase in the demand of their products. This will lead them to increase their production to meet that demand. Since they can freely export these goods, increasing the production would yield them more profit than usual, thus this will be a benefit of economic globalization.
1. D. absolute monarchy
2. B. religious differences
3. D. Enlightenment
4. C. England
5. B. to provide citizens with more rights
6. C. He was a brilliant military general.
7. C. to extend royal authority throughout France
8. A. the publishing of Cervantes’s Don Quixote, the first modern novel...
9. B. silver and gold from Spain’s colonies in the Americas
10. A. He brought nobles under his control.
11. C. Frederick II took Silesia.
12. C. She embarked on a program of reform of government, law...
13. B. by the reigning monarch
14. A. by curbing the power of the nobles, D. by limiting the power of the Church
15. C. Charles I was executed.
16. D. Its struggles with Charles I led to the English Civil War.
17. B. natural laws
18. B. Freely elected governments should impose only minimal limits on...
19. C. The president is elected, and the Congress is elected.
20. C. Rousseau’s social contract
21. A. the right to a trial by jury, B. freedom of religion, F. freedom of the press
22. B. The American Revolution offered precedents for Latin American revolutionaries., D. The U.S. Constitution served as a model for the French Constitution of 1791.
23. A. It eliminated feudal class privileges.
24. C. The Declaration asserted the Enlightenment principle that...
25. A. rising bread prices
26. B. Slavery was abolished in France’s colonies.
27. C. His military victories greatly activated French national pride and won...
28. A. Many Europeans saw Napoleon and his armies as foreign...
29. B. The American Revolution occurred in a colony, while the French Revolution took place in an absolute monarchy., D. The American Revolution prohibited a state-supported church, while the French Revolution kept the state-supported Catholic Church.
30. D. <span>Napoleon’s armies backed liberal reforms in the lands they conquered.</span>
3. True
5. True
7. judicial branch
8. the annual number of live births
9. unlimited
10. sovereignty
27. Benjamin Franklin
28. civic duty
30. True
33. Representative Democracy
34. to find the size of each state's population
36. all children can receive an education
37. enforcing the laws
38. False
39. False
