What Is the Consequence of Globalization for National Economies

question 51

Multiple Choice

What is the consequence of globalization for national economies?

• A)They are able to specialize in the production of a smaller range of products.
• B)Their commercial wealth can be much more efficiently taxed.
• C)They lose all distinctive regional variation.
• D)They are much more vulnerable to worldwide economic panics.

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Definitions:

Participative Leadership

A leadership style that involves employees in decision-making processes, aiming to increase engagement and collaboration.

Leader

An individual who guides or directs others by establishing a clear vision, sharing that vision with others so that they follow willingly, and providing information, knowledge, and methods to realize that vision.

Employees

Individuals hired by an organization to perform specific duties and tasks in exchange for compensation.

Decision

A conclusion or resolution reached after consideration, involving the selection of a course of action among several alternatives.