Globalization and Trade

question 23

Multiple Choice

Globalization and trade:

• A)Reduce inflation in the short run but not in the long run
• B)Reduce inflation in the short run and in the long run
• C)Increase inflation in the short run but not in the long run
• D)Reduce inflation in the short run but increase inflation in the long run

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Definitions:

Majority Decision

A decision in a legal case or deliberative body made by more than half of the members or judges but not unanimously.

Appellate Court

A higher court that reviews the decisions of lower courts and may affirm, reverse, or modify those decisions.

Reversed

The act of a higher court changing the decision of a lower court.

Trial Court

A court of law where cases are tried in the first instance, as opposed to an appellate court.