The Fourth Phase of Globalization Is Characterized by ________

question 20

Multiple Choice

The fourth phase of globalization is characterized by ________.

• A) rise of railroads and ocean transport
• B) reduction of barriers to trade by Western industrialized countries
• C) the initiation of the Marshall Plan to reconstruct Europe
• D) enormous growth of cross-border trade and investment

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Definitions:

Loophole

A technicality that allows a person or entity to avoid the scope of a law or regulation without directly violating it.

Weak Reason

A justification or explanation that lacks sufficient evidence or strength.

Real Estate Agent

A licensed professional who arranges real estate transactions, representing buyers, sellers, or both.

Out-Of-Province

Referring to something or someone not originating from or existing outside the specified province or region.