Globalisation Results in a Greater Degree of ________ Across Markets

question 44

Multiple Choice

Globalisation results in a greater degree of ________ across markets and __________ in the world economy than would be present otherwise.

• A)diversification;homogeneity
• B)diversity;complexity
• C)integration;interdependency
• D)isolation;independence

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Definitions:

Consumption Bundle

A combination of various goods and services that an individual consumes at a given time.

Slope

In mathematics, the rate at which a line rises or falls relative to a horizontal distance.

Indifference Curves

Graphs showing different bundles of goods between which a consumer is indifferent, reflecting the consumer's preferences and trade-offs.

Bundle

A combination of goods or services that are sold together as a single package.