The Acceleration of Globalization Has Been Driven By

question 26

Multiple Choice

The acceleration of globalization has been driven by:

• A) Technological innovation.
• B) Transportation systems.
• C) Social and political reforms.
• D) All of the above.

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Definitions:

Clayton Act

A U.S. antitrust law enacted in 1914, aimed at promoting competition and preventing monopolies by prohibiting anti-competitive practices.

Oligopoly

A market structure characterized by a small number of firms controlling the majority of the market share, leading to limited competition.

Monopolistic Competition

A market structure characterized by many firms offering products that are similar but not identical, allowing for some degree of market power.

Technology

The application of scientific knowledge for practical purposes, especially in industry, to invent tools, devices, and systems that solve problems or enhance capabilities.