Which of the Following Statements Is True of Globalization

question 69

Multiple Choice

Which of the following statements is true of globalization?

• A)It makes countries and markets more independent of each other.
• B)It leads to the replacement of regional trade blocs with national markets.
• C)It impacts the commercial, economic, social, and political environment.
• D)It offers multinational companies fewer ways to reduce their expenses.

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Definitions:

Retreatism

A response to strain wherein individuals reject both societal goals and the means to achieve them, often leading to withdrawal from social norms and activities.

Shoplifting

The act of stealthily taking goods from a retail establishment without paying for them.

Innovation

The process of creating new ideas, products, or methods that bring about significant change or improvements.

Cultural Value

The shared beliefs or standards of a group that guide behaviors and practices within a society.