Question

Which of the following statements characterize globalization?

	The tariff rates on manufacturing goods have been declining for the last fifty years in the world economy.
	A German can purchase a "Happy Meal" at McDonald's in France.
	A financial crisis in Greece can affect the U.S. economy.
	All of the above.
	None of the above.

Answer 1

Manufacturing goods are exported to different countries from many countries like China for example. The tariff on these manufatured goods placed by countries importing these goods has been declining for the last 50 years.

Mcdonalds is an American company that operates Mcdonalds restaurants in many different countries.

A financial crisis in Greece can affect the U.S economy. Greece and the United States invest capital in each other's countries so that is also possible.

All of the above.