Which of the Following Would Argue That Globalization Is Producing

question 27

Multiple Choice

Which of the following would argue that globalization is producing a borderless world in which national governments are no longer in control of their own economies, resulting in a loss of faith by their citizens?

• A) skeptics
• B) hyperglobalizers
• C) transformationalists
• D) postmodernists

---

Definitions:

Price

The amount of money required to purchase a good or service, often determined by supply and demand in the market.

Demand

The quantity of a product or service that consumers are willing and able to buy at a given price over a specified period of time.

Price

The expenditure needed to secure a product, service, or piece of property.

Price-discriminating Monopolist

A monopolist that sells the same product at different prices to different groups of consumers, usually to maximize profits by capturing consumer surplus.