Strong Pressures for Convergence Due to a Shared History and Culture

question 49

Multiple Choice

Strong pressures for convergence due to a shared history and culture, or the establishment of a trading block where there are deliberate attempts to harmonize trade policies, infrastructure, and regulations have contributed to the rise in which of the following trends?

• A) Regionalism
• B) Globalization
• C) Monopolies
• D) Nationalism
• E) Traditional practices

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Definitions:

Base Pay

The initial salary or wage paid by an employer, excluding any benefits, bonuses, or raises.

Establishing

The process of setting up or founding something, such as a new business, system, or relationship.

Skill-Based Pay

A method of compensation where employees are paid based on the skills and knowledge they possess, rather than their job title or status.

Developing Issues

Emerging problems or challenges that are in the process of becoming more prominent or severe.