Globalization Refers to

question 27

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.

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Definitions:

Groups

Sets of items or individuals classified together based on shared characteristics or attributes.

Soccer Team

A group of players who come together to participate in competitive soccer matches.

Outcome

The result of a single trial or realization of an experiment or random event.

P(A ∪ B)

The chance that either event A or event B, or both, will happen.