All of the Following Are Governmental Forces of Globalization EXCEPT

question 36

Multiple Choice

All of the following are governmental forces of globalization EXCEPT:

• A) erosion of sovereignty by capital markets.
• B) pressure to lower trade barriers.
• C) pressure to reduce social welfare for citizens.
• D) creation of externalities such as resource depletion.

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Definitions:

Marginal-Utility-To-Price Ratio

The comparison of the additional satisfaction obtained from consuming one more unit of a good to its cost.

Marginal Utility

The incremental pleasure or value received from consuming one more unit of a good or service.

Marginal Utility Schedules

Tables or graphs that show the relationship between the quantity of a good consumed and the utility (satisfaction) that is gained from each additional unit.

Total Utility

The complete satisfaction or advantage gained from consuming a specified overall amount of a product or service.