An Individual Who Is a Supporter of Globalization Would Argue

question 49

Multiple Choice

An individual who is a supporter of globalization would argue that it helps the developing world by:

• A) Giving entrepreneurs access to foreign investment funds to support economic development.
• B) Allowing new ideas and technological innovations to spread quickly.
• C) Providing people in developing countries with more jobs.
• D) All of the above.

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Definitions:

Transfer Price

The price at which goods and services are sold between divisions within the same company or between subsidiaries of a parent company.

Market Price

The current price at which an asset or service can be bought or sold in a open market.

Variable Costs

Variable costs are those expenses that change in proportion to the volume of goods or services that a business produces.

Cost Driver

A factor that influences or contributes to the expense of certain business operations or activities.