Financial Globalization Has NOT Resulted In

question 47

Multiple Choice

Financial globalization has NOT resulted in:

• A) continuing imbalances of balance of payments.
• B) an increase in quantity and speed in the flow of capital across the world.
• C) capital markets more open and an increase in the availability of capital for many organizations.
• D) an increase in the flow of capital into and out of industrialized markets.

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Definitions:

Utility Function

An economic model that describes how consumers rank different bundles or combinations of goods according to the level of satisfaction or utility they provide.

Equivalent Variation

A measure in economics that captures the change in wealth needed to maintain utility at a pre-change level after a price change.

Income

Money that an individual or business receives in exchange for providing labor, producing goods, or investing capital, over a certain period.

Utility Function

A mathematical representation that translates the satisfaction or happiness a consumer gains from consuming quantities of goods and services into a numerical value.