Which of the Following Is a Result of Participation in Global

question 27

Multiple Choice

Which of the following is a result of participation in global markets for producers?

• A) less competition
• B) greater access to factors of production
• C) a significant increase in risks
• D) less need for innovation because many nations are less developed and thus need simpler technology

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Definitions:

Employment Discrimination

Unfair treatment of employees based on race, gender, age, religion, national origin, disability, or other protected characteristics.

Economic Theory

Economic Theory encompasses the models and concepts that describe the behavior of economies, including principles guiding production, distribution, and consumption of goods and services.

Competitive Forces

Factors that influence the competitiveness of a market, including the bargaining power of buyers and suppliers, the threat of new entrants, the threat of substitute products, and the intensity of competitive rivalry.

Personal Prejudices

Bias or preconceived opinions that individuals hold against others or certain ideas, often without proper knowledge or reason.