Globalization Is

question 7

Multiple Choice

Globalization is

• A) the creation of international computer networks.
• B) the process of creating a worldwide network of businesses and markets.
• C) the adoption of global Internet standards.
• D) the adoption of English as the language of business.
• E) the way that stock exchanges stay open 24 hours a day.

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Definitions:

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given level of income, reflecting the trade-off between them.

Monthly Income

The total amount of income an individual or household receives in one month from all sources, including wages, salaries, benefits, and investments.

E-Books

Electronic copies of literature accessible for reading on devices like e-readers, tablets, or computers.

Sports Tickets

Printed or electronic vouchers that grant the holder admission to a sporting event.