Which of the Following Statements About Globalization Is False

question 8

Multiple Choice

Which of the following statements about globalization is false?

• A)Globalization is a simple evolutionary process.
• B)Not all economies of the world are benefiting equally from globalization.
• C)Terrorism, wars and SARS has limited and even reversed the effects of globalization.
• D)All of the above statements are false.

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Definitions:

Present Value

The present-day value of a sum of money or cash flows expected in the future, determined by a specific rate of return.

Income Stream

A series of incoming payments over a specified period, often from investments or work.

Full Cost

The total cost of production that includes all direct and indirect costs, such as manufacturing and overhead expenses.

Marginal Product

The additional output produced as a result of adding one more unit of a specific input, while holding other inputs constant.