Which of the Following Has Reduced as a Result of Globalization

question 20

Multiple Choice

Which of the following has reduced as a result of globalization?

• A) Volume of goods and services crossing national borders
• B) Foreign exchange transaction
• C) Procuring product inputs from all over the world
• D) Differences in material culture between national economies
• E) Deregulation of markets

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Definitions:

Relationships

The connections or associations between individuals, groups, or entities, characterized by mutual interactions and dependencies.

Exchange

A fundamental economic concept involving the giving of one thing in return for another, also applicable in social and organizational contexts.

Reciprocity

The mutual exchange of goods, services, favors, or support between individuals or groups, expecting a similar benefit in return.

Norm

A standard or guideline that is accepted and expected within a group, culture, or society, dictating behavior that is considered normal or appropriate.