Globalization Has

question 21

Multiple Choice

Globalization has

• A) made the bureaucratic model of decision making inapplicable to international affairs.
• B) prevented leaders from using the rational model of decision making.
• C) challenged the state as the primary actor in international affairs.
• D) reinforced traditional state sovereignty.
• E) grown from the Montevideo Convention.

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Definitions:

Current Value

The present worth of an asset or investment, taking into account factors such as inflation and interest rates.

Profit-Maximizing Entrepreneur

An individual or business that adjusts the combination of production inputs and outputs to achieve the highest possible profit.

Investment Project

A planned undertaking aimed at achieving specific financial returns through the allocation of resources to productive activities.

Interest Rate

The proportion of a total amount of money that is levied for borrowing it, usually described as a yearly rate percentage.