Globalization and the Increasing Financial Gap Between the Rich and the Poor

question 124

Multiple Choice

Globalization and the increasing financial gap between the rich and the poor has resulted in the segregation of urban spaces into

• A) compartmentalized residential enclaves.
• B) CBDs and edgeless cities.
• C) suburbs and edge cities.
• D) smart growth communities.
• E) Modern and Postmodern neighbourhoods.

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Definitions:

Online Banking

A banking service that allows users to conduct financial transactions via the internet.

Walmart

A multinational retail corporation that operates chains of hypermarkets, discount department stores, and grocery stores, known for its low-price strategy.

$514 Billion

A specific financial figure, possibly referring to the revenue, market value, or budget of an entity or sector.

Gross Domestic Product

The total value of all goods and services produced within a country's borders in a specified time period, serving as a comprehensive measure of economic activity.