__________ Is the Closing of Plants and Factories Because of Their

question 33

Multiple Choice

__________ is the closing of plants and factories because of their obsolescence or the fact that workers in other nations are being hired to do the work more cheaply.

• A)Reindustrialization
• B)Capital flight
• C)Decapitalization
• D)Deindustrialization

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Definitions:

Absolute Advantage

The ability of an entity to produce a good or service more efficiently than its competitors, using fewer resources.

Global Trade

The exchange of goods, services, and finances between countries and territories, overcoming geographical limitations.

Megacities

Urban areas with a population of over 10 million people, often characterized by significant economic, political, and cultural influence.

World Population

The total number of living humans on Earth at a given time, which influences global markets, resources demand, and economic dynamics.