The Phases of Globalization Are

question 136

Multiple Choice

The phases of globalization are:

• A) domestic, international, multinational, and global
• B) global, multinational, international, and democratic
• C) domestic, international, multinational, and multidomestic
• D) cottage, domestic, international, and multinational
• E) domestic, cottage, international, and global

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Definitions:

Billiards

A cue sport that encompasses a wide variety of games involving pool tables, cue sticks, and balls, where players strike balls to score points based on game-specific rules.

Limited Resources

The finite availability of inputs (like labor, capital, and land) that are used for the production of goods and services.

Economics

A branch of social science that examines the methods by which people, governmental bodies, corporations, and states allocate finite resources to meet their infinite needs.

Opportunity Cost

The cost of foregone alternatives when a decision is made, essentially what is given up to undertake a certain action.