The Third Phase of Globalization Was Triggered by the Development

question 1

True/False

The third phase of globalization was triggered by the development of personal computers, the Internet, and Web browsers.

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Definitions:

Dominant Strategy

A strategy in game theory that yields the best outcome for a player, regardless of what strategies other players choose.

Nash Equilibrium

A concept in game theory where each player's strategy is optimal, given the strategies of other players, and no player has an incentive to deviate unilaterally.

Positive Constants

Fixed values greater than zero used in mathematical equations or expressions.

Payoffs

The returns or outcomes received from a particular action or investment.