During Which of the Following Time Periods Was Globalization Not

question 23

Multiple Choice

During which of the following time periods was globalization not a force that affected society?

• A) Until about 1300
• B) 1500-1600
• C) 1700-1900
• D) Globalization has always been in effect.

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Definitions:

Private Cost

The costs directly incurred by those producing or consuming a good or service, excluding externalities or indirect costs.

Raise Capital

The process by which firms obtain funding to finance their operations, growth, or investments, often through issuing debt or selling equity.

Economic Flow

The movement of resources, goods, services, and money among households, businesses, and the government in an economy.

Large-scale Privatization

The process of transferring ownership of large government enterprises to private entities.