Critics of Globalization Speak of the Problem of a "Democratic

question 24

Multiple Choice

Critics of globalization speak of the problem of a "democratic deficit," meaning:

• A)states are too democratic and should be made less so in order to manage globalization.
• B)nonstate organizations need to be given more power in order to keep states in check.
• C)traditional forms of participation are outdated, and globalization should be used to build "electronic democracy."
• D)the movement of power toward international organizations may reduce public representation and control.
• E)too many people will vote, overwhelming the democracy.

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Definitions:

Long Hedger

An investor who purchases futures contracts or the underlying asset to protect against potential price increases.

Short Hedger

An investor who enters into contracts to protect against potential losses from declining prices in the assets they hold.

Decrease

A reduction in quantity, size, or intensity of a particular activity, value, or level.

Financial Futures Contracts

Agreements to buy or sell financial instruments or commodities at a future date for a price that is established at the time of the contract.