Which of the Following Is a Feature of Globalization from Below

question 46

Multiple Choice

Which of the following is a feature of globalization from below?

• A) demands for greater environmental regulations around the globe
• B) praise by many groups for the expansion of capitalism into developing countries
• C) embracing and accepting any and all forms of globalization
• D) capitalist pressure to reduce workers' rights in the global economy

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Definitions:

Diseconomies of Scale

A situation in which a business's costs per unit increase as the scale of operation expands, opposite to economies of scale.

Average Total Cost

The total cost of production divided by the quantity of output produced, representing the cost per unit of output.

Long Run

A period during which all inputs, including capital and labor, can be adjusted by firms. It is characterized by the flexibility of adjusting to conditions without any fixed constraints.

Average Costs

It's the cost associated with producing each unit, found by dividing the entire production expenses by the number of units produced.