Which One of the Following Is a Consequence of Globalization

question 1

Multiple Choice

Which one of the following is a consequence of globalization according to Harvey (1992) ?

• A)The financial system has achieved an unprecedented degree of autonomy from real production,becoming dominated by an economy of signs representing capital flow,rather than an economy of things.
• B)The instantaneous representational possibilities afforded by new communication technologies enabled the globalization of capital flows.
• C)The globalization of financial markets collapses time,creating instantaneous financial transactions in loans,securities and other innovative financial instruments.
• D)all of these

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Definitions:

Test Statistic

A value computed from sample data to decide whether to reject the null hypothesis in hypothesis testing.

Red Blood Cell Counts

A measurement of the number of red blood cells per unit volume of blood, used to assess overall health and diagnose various medical conditions.

Confidence Interval

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, with a given level of confidence.

Ethanol

A volatile, flammable, colorless liquid commonly used as a fuel and in chemical synthesis, and also found in alcoholic beverages.