Globalization Is an Ongoing Process Because

question 53

Multiple Choice

Globalization is an ongoing process because:

• A)government will continue to fail to implement policies that address the structural adjustments necessary to make U.S. firms more competitive.
• B)foreign countries, especially China and India, are moving up the value-added chain and competing with more and more goods.
• C)the globalized AS/AD model will replace the standard AS/AD model, forever changing how economists view the economy.
• D)goods inflation has been solved as a problem for the economy, allowing the government to continue to run expansionary policies.

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Definitions:

Mean Score

the average score calculated by adding all the individual scores and dividing by the number of scores.

Programming Ability

The capacity to design, write, test, and debug/troubleshoot computer code in order to create computer applications, websites, or systems.

Margin of Error

The maximum amount by which the results from a sample are expected to differ from the true population parameters.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values typically deviate from the mean.