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The Fact That Governments Can Allow or Disallow International Access

question 9

Multiple Choice

The fact that governments can allow or disallow international access to their nations shows that which of the following is a significant source of globalization?


Definitions:

Laissez-Faire Capitalism

is an economic system where transactions between private parties are free from government intervention, such as regulations, privileges, tariffs, and subsidies.

Economic Functions

Concern the roles and operations of an economy, including production, distribution, and consumption of goods and services among individuals and organizations.

Private Property

A legal designation for the ownership of property by non-governmental legal entities.

Command System

An economic system where production and distribution decisions are made by a central authority.

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