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:

Automatic System

An automatic system refers to processes or machinery designed to operate with minimal human intervention, often relying on preset rules or algorithms.

Employee Training

organized activity aimed at imparting information and/or instructions to improve the recipient's performance or to help achieve a required level of knowledge or skill.

Nature Influencing Culture

Refers to how the natural environment and its resources shape the development, practices, and beliefs of societies and cultures.

Enjoyment

A feeling of pleasure and satisfaction derived from engaging in an activity or experiencing something.