When Did Globalization Really Begin to Take Place Worldwide

question 40

Multiple Choice

When did globalization really begin to take place worldwide?

• A) with development of Internet
• B) in 1980s
• C) with advent of colonialism
• D) with the Age of Discovery
• E) with Industrial Revolution

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Definitions:

Own Price Elasticity

A measure of how the quantity demanded of a good responds to a change in the price of that good, keeping other factors constant.

Athletic Shoes

are specially designed footwear aimed at enhancing performance in sports and physical activities.

Puma

A global athletic brand known for its footwear, apparel, and accessories designed for sports and fitness activities.

Price Elasticity

A gauge of the degree to which the amount of a product desired changes in response to a price adjustment.