What Is Disintegrating in the Globalized Economy According to Manuel

question 53

Multiple Choice

What is disintegrating in the globalized economy according to Manuel Castells?

• A) traditional bureaucracy
• B) networks
• C) large corporations
• D) gender relationships
• E) mentoring

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Definitions:

Consumer Surplus

The difference between the maximum price consumers are willing to pay and the price they actually pay. It is the net gain derived by the buyers of the good.

Cell-Phone Service

A service provided by telecommunications companies that enables mobile phone users to make and receive calls, texts, and use data.

Utility-Maximizing

A behavioral principle where consumers allocate their income to purchase a mix of goods and services that provides the highest overall utility.

Last Dollar

The final unit of currency spent or invested in a particular context, emphasizing its potential impact or value.