Identify the correct statements about globalization.
- Removal of barriers by the government
- Foreign companies are allowed to set up factories
- Has enabled all companies to increase their investments
- Has lessened foreign investment and foreign trade
OPTIONS:
- I &II
- II & III
- I & III
- II & IV
Answer:
So, the correct answer is (A): I & II
Explanation:
- Due to globalization government removes the barriers for the efficient trade across the world.
- Globalization helps foreign companie s to establish their factories around the globe.
- Foreign Investment policies enabled MNCs to increase their investments
- Due to trade barriers imposed on the imports, d ecrease the foreign investment and foreign trade
Thus , Option (A) is correct