Question: What is the main argument presented in the passage about the effects of globalization? (2021)

Options:

1. Globalization has only negative effects on local economies.
2. Globalization fosters cultural exchange and economic growth.
3. Globalization leads to the loss of cultural identity.
4. Globalization is a recent phenomenon with no historical precedent.

Correct Answer: Globalization fosters cultural exchange and economic growth.

Exam Year: 2021

Solution:

The passage argues that globalization, while presenting challenges, also fosters cultural exchange and can lead to economic growth.