____ Is the Process Through Which Ideas,resources,practices,and People Are Increasingly

question 29

Multiple Choice

____ is the process through which ideas,resources,practices,and people are increasingly operating in a worldwide rather than a local framework.

• A) Globalization
• B) Diffusion
• C) Assimilation
• D) Temporization

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Definitions:

Contracts

Legal agreements between two or more parties that create mutual obligations enforceable by law.

Coerce Behavior

To compel or force someone to act in a certain way through pressure or threats.

Economic Efficiency

The optimal distribution of resources in society, taking into account all benefits and costs.

Government Failures

Occur when government intervention in the economy leads to inefficiencies, misallocation of resources, or negative outcomes contrary to the intended goals.