In Some Industries, Technology Drives Globalization Because the Economies of Scale

question 26

True/False

In some industries, technology drives globalization because the economies of scale necessary to reduce costs cannot be met by competing in domestic markets alone.

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Definitions:

Executive Order 9981

A historic executive order issued by President Harry S. Truman in 1948, which abolished racial discrimination in the U.S. military.

Marshall Plan

A US initiative to aid Western Europe after World War II, providing economic assistance to help rebuild European economies and prevent the spread of communism.

Soviet Annexation

The forceful acquisition and incorporation of territory by the Soviet Union into its sovereign boundaries, typically against the will of the annexed territory's populace.

Josef Stalin

Soviet leader from the mid-1920s until his death in 1953, known for his dictatorship, the establishment of a state-controlled economy, and political purges.