According to the Textbook,what Characterized the "New Markets" That Are

question 14

Multiple Choice

According to the textbook,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 scale 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:

Vicarious Learning

Learning that occurs by observing the behaviors and outcomes of others rather than through direct experience.

Latent Learning

A form of learning that occurs without any obvious reinforcement of the behavior or associations that are learned.

Insight

The ability to understand the inner nature of things or a deep understanding of a person or situation, often leading to a sudden clear solution after a period of confusion.

Learning Set

The ability to become more efficient in learning new tasks based on experiences gained from learning previous tasks.