(B) I-c, II-d, III-a, IV-b
Technological Advancement → Innovation in manufacturing, communication and information; Liberalization of Trade → removal of restrictions on trade; Cultural Exchange → interaction of ideas, values and traditions; MNCs → companies operating in many countries.
Match each term to its definition logically: Technology = innovation; Liberalization = removing trade restrictions (as stated in the chapter); Cultural Exchange = interaction of ideas/values; MNCs = companies operating across multiple countries. Option B is the only correct combination.