The United States Has Steadily Increased Its Globalization Index Since

question 40

True/False

The United States has steadily increased its globalization index since the 1970s,according to the KOF Swiss Economic Institute.

---

Definitions:

DVD Players

Electronic devices designed to play discs in the DVD format, capable of producing both sound and video from digital optical disc storage.

Income Elasticity

A measure of how much the demand for a product or service changes relative to a change in consumers' income levels.

Normal Good

A good for which demand increases as the income of consumers increases and decreases as the income of consumers decreases.

Price Elastic

Pertains to a measurement in economics of how responsive an economic variable's quantity is to a change in its price.