Advocates of Globalization Agree with Adam Smith's Claim That Free

question 19

Multiple Choice

Advocates of globalization agree with Adam Smith's claim that free trade among countries

• A) leads to inequality and injustice.
• B) promotes economic efficiency and prosperity.
• C) spreads democracy around the world.
• D) is a step on the path to socialism.
• E) will lead to a renewal of mercantilism.

---

Definitions:

Available Balance

The amount of funds in a checking or savings account that is accessible for immediate use, taking into account any pending transactions.

Net Collection Float

Net collection float refers to the difference in time between when a check is deposited into a bank account and when the funds are available for use, affecting a company's cash flow.

Net Float

The difference between checks written against and deposited in an account, which affects the balance available in the account.

Collection Float

The time period between when a payment is made by a customer and when the funds become available in the company's account.