The following options illustrate the level of globalization in our world today:
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Unemployment in the U.S. caused by production shifting overseas - This demonstrates how global supply chains and production decisions can impact domestic economies.
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Worldwide economic downturn in the wake of the Sept. 11, 2001 terrorist attacks - This shows how global events can have widespread economic repercussions across nations.
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Rock songs by Australian artists recorded by American record companies owned by Japanese corporations - This highlights the cross-border cultural exchanges and the interconnectedness of the global music industry.
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Changes in U.S. gas prices caused by oil production fluctuations in the Middle East - This illustrates how global commodity markets are interconnected and can impact local economies based on international factors.
The option that does not necessarily illustrate globalization to the same extent is:
- An American chain restaurant putting local diners out of business in a small U.S. small-town - While this could have implications for local economies, it does not directly illustrate globalization compared to the other options, which involve international relationships or influences.
So the correct selections related to globalization are the first, second, third, and fourth options.