Which of the Following Has Most Contributed to the Globalization

question 72

Multiple Choice

Which of the following has most contributed to the globalization of the economy?

• A)the decreased importance of agriculture
• B)reductions in transportation and communication costs
• C)the shift toward a market economy in China
• D)tariffs and trade barriers
• E)the decline in the relative importance of manufacturing

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Definitions:

Class

In Marx’s sense of the term, is determined by a person’s relationship to the means of production. In Weber’s usage, class is determined by a person’s “market situation.”

Status Groups

Communities or groups of people who share a similar social status, often determined by factors such as occupation, wealth, and prestige.

Parties

Social gatherings of invited guests, typically involving eating, drinking, and entertainment; in a political context, organized groups of people with similar ideological beliefs or goals.

Classes

Distinct groups within a society, differentiated by factors like wealth, occupation, and social status.