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:

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget at specific prices.

Income Rises

An increase in the amount of money received from work, business, investments, or other sources.

More To Less

A principle or process that involves moving from a greater quantity or quality to a lesser one.

Price Falls

A decrease in the market price of goods or services, often due to increased supply or reduced demand.