What Characterized the "New Markets" That Are Part of Globalization

question 50

Multiple Choice

What characterized the "new markets" that are part of globalization?

• A) They are primarily financial and not bound by geography; anyone anywhere with the proper equipment can participate.
• B) They are concentrated in a few technology centers,and the rest of the world is being left behind.
• C) The relative scales of trade flow and capital are higher than ever.
• D) International governmental organizations are regulating the global economy in more aggressive ways.

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Definitions:

Arbitrator's Responsibility

The duty of an impartial third party to make a decision in a dispute between two parties, based on evidence and arguments presented.

Fair Hearing

A legal process where all parties involved have the opportunity to present their case in an impartial and unbiased manner.

Arbitration Hearings

Formal meetings in which an impartial arbitrator makes a decision on a dispute between two parties, outside of court.

Formal Court Proceedings

The official legal processes conducted in a courtroom, governed by specific rules and regulations, to resolve disputes or administer justice.