Dreher (2006) Measures Globalization on Three Dimensions: Economic, Social and Political

question 8

Multiple Choice

Dreher (2006) measures globalization on three dimensions: economic, social and political. The economic integration dimension would capture:

• A) The extent to which the government restricts trade and investment flows
• B) The extent to which the economy is recession prone
• C) The extent to which the country's economic policies are internally consistent
• D) The extent to which economic benefits are equitably shared in society

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Definitions:

Aggregate Supply

The total supply of goods and services that firms in an economy plan on selling during a specific time period, which can be influenced by factors like production technology and labor availability.

Increased Immigration

A scenario where the number of people entering a country to live permanently exceeds the number leaving, affecting various aspects of the economy, including the labor market.

Aggregate Demand

The total demand for all goods and services within an economy at a specific time and price level.

Aggregate Supply

The aggregate amount of products and services that suppliers in the economy can and are ready to provide across varying price points.