Which of the Following Statements About the Multiple Facets of Globalization

question 40

Multiple Choice

Which of the following statements about the multiple facets of globalization is true?

• A)Globalization is driven and governed by economic forces,it has been extensive,and it has produced stronger economies.
• B)Globalization is driven and governed by political forces.It has not been as extensive as it seems nor has it produced stronger economies.
• C)Globalization is the natural result of higher educational levels and decreasing poverty levels.It has been fueled by industrialists and entrepreneurs.
• D)Globalization has been spurred on by industrialization.it has created a new world order where virtually all countries,regardless of geographical location,are interconnected economically.

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Definitions:

MPC (Marginal Propensity To Consume)

Measures the proportion of additional income that a consumer spends on goods and services rather than saving.

GDP

GDP stands for Gross Domestic Product, which is an indicator of a nation's economic health, calculated by adding up the value of every good and service produced for a certain period.

Multiplier

A factor that quantifies the additional economic impact of spending; it measures by how much a change in investment or government spending will affect the total economic output.

MPC (Marginal Propensity To Consume)

The proportion of additional income that an individual consumes rather than saving.