Briefly Describe a Few Activities That a Typical Student Might

question 176

Essay

Briefly describe a few activities that a typical student might do on any given day that reflect the effects of globalization.

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Definitions:

Unemployment Rate

The proportion of the working sector that lacks employment but is in the hunt for jobs.

Technology

The application of scientific knowledge for practical purposes, especially in industry and the development of innovations.

Production Possibility Frontier

A curve demonstrating the maximum potential output levels of two goods or services an economy can achieve when all resources are efficiently utilized.

Economic

Relating to the principles and practices of economics or the economy; the study of how societies use scarce resources to produce valuable commodities and distribute them among different people.