Globalization Refers to

question 58

Multiple Choice

Globalization refers to

• A)the process of establishing a common world currency.
• B)the willingness of individuals within a given country to share knowledge with one another.
• C)the process of countries becoming more open to foreign trade and investment.
• D)the reduction in growth rates of real GDP per capita as a result of trade with foreign countries.
• E)the ongoing process of national governments giving up authority to the United Nations.

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Definitions:

Textbooks

Books that are used as standard works for the study of a particular subject.

Ride-Sharing Program

A service that allows individuals to book rides in private vehicles, often facilitated by a mobile app, to share costs and reduce the number of cars on the road.

Credit Card Payments

Transactions made using a credit card to purchase goods or services or to settle debts.

Grant

A financial award given by an organization or government to fund a project or study.