How Do the Authors of Your Text (Diversity Amid Globalization)define

question 69

Multiple Choice

How do the authors of your text (Diversity Amid Globalization) define globalization?

• A) the growing interconnectedness of people and places through converging processes of economic, political, and cultural change
• B) the spread of McDonald's throughout the world
• C) the trend toward international trade agreements among the countries of the world
• D) the pattern of increasing telephone and Internet connections around the world
• E) the growth of international and supranational organizations uniting the world's people

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Definitions:

Wage

A fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially to manual or unskilled workers.

Rental Rate

The cost associated with leasing a particular commodity, property, or piece of equipment per unit time.

Marginal Product

The extra production resulting from the increase of a particular input by one unit, assuming all other factors remain constant.

Output

The total amount of goods or services produced by a company, industry, or country within a specific period.