The Major Factors Impacting Globalization of the Supply Chain Include

question 3

Multiple Choice

The major factors impacting globalization of the supply chain include all the following except

• A) creation of the WTO.
• B) Regional Trade Agreements.
• C) fall of communism.
• D) advances in information and transportation technology.

---

Definitions:

Inflation Rates

The frequency at which prices for goods and services overall increase, devaluing the purchasing capacity.

Natural Rate

often refers to the natural rate of unemployment, where the economy is at equilibrium, taking into account the frictional and structural factors.

Potential GDP

The maximum possible level of output an economy can achieve when it is most efficiently utilizing its resources.

Unemployment

A situation where individuals who are able and willing to work cannot find jobs, measured as a percentage of the labor force.