________ Is an Effect of Increasing Globalization

question 85

Multiple Choice

________ is an effect of increasing globalization.

• A) More expensive consumer goods
• B) An increase in manufacturing jobs in developed nations
• C) An ever increasingly homogeneous workforce
• D) Shared economic values among all cultures
• E) Jobs moving to nations with low-cost labour

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Definitions:

Costs Of Production

Costs of production refer to the total expenses incurred in the manufacturing of a product, including raw materials, labor, and overhead.

Marginal Revenue

The additional income received from selling one more unit of a product or service.

Marginal Cost

The expenditure required to create another single unit of a good or service.

Output

The overall quantity of products or services generated by a business, sector, or the economic system.