What Key Dynamic of Globalization Is Characterized by Movement of People

question 54

Multiple Choice

What key dynamic of globalization is characterized by movement of people not only between countries but also within the individual countries themselves?

• A) ease of transportation
• B) flexible accumulation
• C) increasing migration
• D) population drive

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Definitions:

Price Elasticity

A measure of how much the quantity demanded or supplied of a good changes in response to a change in its price, indicating the sensitivity of demand or supply to price changes.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price, holding all other factors constant.

Inelastic

Refers to a scenario in which a change in price leads to a comparatively small change in the quantity demanded or supplied.

Price Elasticity

An indicator of the sensitivity of the demand for a product to alterations in its price.