Globalization Is Fueled Largely by Declining Trade and Investment Barriers

question 47

True/False

Globalization is fueled largely by declining trade and investment barriers and new technologies, such as the Internet.

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Definitions:

Absolute Advantage

The ability of an individual, company, or country to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.

Exchange Rate

The price of one currency in terms of another currency for conversion purposes.

Raspberries

A small, red, edible fruit from the genus Rubus, valued for its sweet taste and nutritional benefits.

Chocolate

A sweet, brown food preparation of roasted and ground cacao seeds, often sweetened and consumed as confectionery.