A Trend Observed During the Globalization 3

question 98

Multiple Choice

A trend observed during the Globalization 3.0 stage involves

• A) countries around the globe becoming more self-sufficient and independent.
• B) multinational companies organizing as global-collaboration networks.
• C) privately owned firms getting nationalized.
• D) world's market economies becoming less integrated.

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Definitions:

Restraints of Trade

Practices or agreements that restrict free competition in business, often scrutinized for legality under antitrust laws.

Consent Decrees

Legal agreements that settle a dispute between parties without admission of guilt but with the agreement to do or stop doing a certain activity.

Antitrust Case

Legal action taken against parties accused of violating antitrust laws, aimed at promoting competition and preventing monopolies.

Antitrust Division

A sector of the government, often within the Department of Justice, responsible for preventing monopolies and promoting market competition by enforcing antitrust laws.