Which of the Following Is a Driver of Globalization

question 69

Multiple Choice

Which of the following is a driver of globalization?

• A) greater emphasis on proactive internationalization
• B) internationalization of firm's value chain
• C) integration of world financial markets
• D) globalization of services

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Definitions:

Elasticity

Elasticity measures the responsiveness of the quantity demanded or supplied of a good or service to a change in its price or other factors like income.

Resource Demand

The demand for resources (labor, capital, land) that are used to produce goods and services.

Pure Competition

A market structure in which a very large number of firms sells a standardized product, into which entry is very easy, in which the individual seller has no control over the product price, and in which there is no nonprice competition; a market characterized by a very large number of buyers and sellers.

Equivalents

Items or entities that are fundamentally equal in value or function in the context of a specific comparison.