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EXERCISE 1 L. Fill in the blank with the correct answer. Write your answers in your notebook. 1. is a term used to describe the increasing connectedness and interdependence of world cultures and economies. godmed 2. Today with various modes of available, one can conveniently deliver the products to a customer located at any part of the world. 3. The money value of the final goods and services produced within the domestic territory of the country during an accounting year is called 4. it is said that the rich are getting richer while the poor are getting poorer. 5. It has given rise to terrorism and other forms of violence is called Il. Enumerate the following: 1. 5 advantages of Globalization 2. 5 disadvantages of Globalization