One Result of Globalization Is

question 32

Multiple Choice

One result of globalization is

• A) a reduced need for international cooperation.
• B) "Northtoxification."
• C) that everything has a "Made in someplace" label, often from a nation-state in the developing world.
• D) a lessening of tensions about personal income levels.

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Definitions:

Selling Prices

The amount a customer pays to purchase a product or service from a seller.

Variable Costs

Expenses that vary with the amount of output or sales.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent or salaries.

Break-Even Point

The level of production or sales at which total revenues equal total expenses, resulting in neither profit nor loss.