Which of the Following Scenarios Most Accurately Portrays the Role

question 13

Multiple Choice

Which of the following scenarios most accurately portrays the role of global value chains in globalization?

• A)Companies are increasingly laying off employees and shutting down altogether,forcing many workers to look for jobs overseas.
• B)Corporations are setting up different phases of production and assembly in as many as two or three other countries,which creates a global link.
• C)Governmental and political incentives to produce goods domestically are driving companies to make products locally and sell them to a wider variety of countries.
• D)New immigrants are increasingly working their way into local corporations,which establishes new global connections for companies.

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Definitions:

Total Revenue

The overall income generated by a business from its sale of goods or services, calculated as the price per unit times the number of units sold.

Elasticity Of Supply

A measure of how much the quantity supplied of a good changes in response to a change in price.

Price Elastic

A characteristic of goods for which demand or supply changes significantly when the price changes.

Honda Accords

A series of automobiles manufactured by Honda, known for their reliability and efficiency.