In This Era of Globalization, One of the Main Reasons

question 15

Multiple Choice

In this era of globalization, one of the main reasons why some countries have remained closed to the rest of the world is:

• A)the fact that their governments follow policies that explicitly work against economic integration.
• B)racial discrimination.
• C)the fact that their governments impose extremely high mortgage taxes.
• D)the establishment of minimum wages.
• E)the fact that they are too poor to trade anything with the rest of the world.

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Definitions:

Beneficiary

A third party receiving benefits from a contract made between two other parties. Also, the person named in an insurance policy to receive benefits paid by the insurer in event of a claim.

Fire Insurance Policy

A contract that provides coverage against losses or damages caused by fire to property.

Premium

The consideration paid by the insured to the insurer for insurance protection.

Water Damage

Water damage refers to the destruction or harm caused to property by water intrusion, which can result from various sources like floods, leaks, or condensation.