Globalization Refers to the Process by Which Goods, Services, Capital

question 69

Multiple Choice

Globalization refers to the process by which goods, services, capital, people, and ideas

• A) are onshored and offshored.
• B) flow across national borders.
• C) are integrated through IMF facilitation.
• D) form joint ventures.
• E) affect corporate culture.

---

Definitions:

Capital Goods

Goods that are used in producing other goods, rather than being bought by consumers directly.

Total Spending

Total spending refers to the aggregate amount of money spent by individuals, businesses, and government on goods and services within a specific time frame.

Stock Of Wealth

Refers to the total value of all assets owned by an individual, a company, or a country at a given point in time, excluding liabilities.

Intermediate Goods

Products used in the production process to make other goods and services but not sold directly to consumers.