Before Globalization,life Was More Local,with Greater Social Solidarity

question 32

True/False

Before globalization,life was more local,with greater social solidarity.

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Definitions:

Utilities Possibilities Frontier

A graphical representation that shows the maximum amount of two different utilities that can be achieved with a given set of resources.

Unattainable

Refers to goals, objectives, or levels of production that cannot be achieved with the current availability of resources or technology.

Utilities Possibilities Frontier

A graphical representation showing the maximum levels of utility that two individuals or more can achieve given a fixed set of resources.

Efficient

The state of optimizing the use of limited resources to achieve the desired outcome without waste.