The World Economy Is Globalizing at an Accelerated Pace Because

question 132

Multiple Choice

The world economy is globalizing at an accelerated pace because

• A)countries previously open to foreign companies have closed their markets.
• B)countries that previously had market or mixed economies now embrace planned economies.
• C)information technology is exacerbating the importance of geographic distance.
• D)growth-minded companies are racing to build stronger competitive positions in the markets of more countries.
• E)countries opposed to market or mixed economies have erected more stringent trade barriers.

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Definitions:

Observational Learning

A learning process through which behaviors are acquired by watching and imitating the actions of others.

Insight

The capacity to gain an accurate and deep intuitive understanding of a person or thing, often leading to a creative or novel solution to a problem.

Positive Reinforcement

A method in behavioral psychology used to increase the likelihood of a desired response by rewarding positive behavior.

Altruism

The selfless concern for the well-being of others, often manifested through acts of kindness without expectation of reciprocation.