Critics of the View That Regionalization Will Prevail Over Globalization

question 19

Multiple Choice

Critics of the view that regionalization will prevail over globalization most likely base their argument on the belief that ________.

• A)regionalization is a transition stage toward globalization
• B)neighboring countries are more apt to disagree politically than distant countries
• C)neighboring countries are too geographically similar to benefit from trade
• D)business in non-territorial areas is not regional

---

Definitions:

Trade Deficits

Trade deficits occur when a country imports more goods and services than it exports, resulting in a net outflow of domestic currency to foreign markets.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, charged by lenders to borrowers.

Federal Budget

An annual financial document used by a government to project its expected revenue and allocate funds to various expenses and programs.

Surpluses

Situations where the quantity of a good or service supplied exceeds the quantity demanded at a specific price, often resulting in excess stock.