Asking Diagnostic Questions Such as Are There Economies of Scale,are

question 15

Multiple Choice

Asking diagnostic questions such as are there economies of scale,are there cheaper sources of raw materials,are there global sources of low-cost raw materials provide information regarding which globalization driver?

• A)Global markets
• B)Costs
• C)Competition
• D)Governments

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Definitions:

Automatic Stabilizers

Economic policies and programs designed to offset fluctuations in a nation's economic activity without intervention by the government or policymakers.

Business Cycle

The fluctuating levels of economic activity over time, including periods of expansion, peak, recession, trough, and recovery.

Recessionary Gap

A situation in an economy where the actual output is less than the potential output, indicating underutilized resources and unemployment.

Raise G

This term is ambiguous without context, but it could refer to increasing government spending or investment in certain contexts.