Which of the Following Is True of Globalization

question 107

Multiple Choice

Which of the following is true of globalization?

• A)The pace of change is slowing down.
• B)Only large companies are affected by globalization.
• C)Globalization is decreasing competition among companies.
• D)A company's talent can come from anywhere.
• E)The global marketplace is stable and unchanging.

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Definitions:

Federal Funds Market

A market in which banks lend funds to one another for short-term periods, usually overnight, with interest rates determined by the supply and demand for these loans.

Aggregate Demand

The total demand for goods and services within a particular market, at a given period of time.

Stabilization Policy

Government policies aimed at maintaining economic stability by controlling inflation, reducing unemployment, and promoting growth.

Aggregate Output

The total value of all goods and services produced in an economy during a specific period, often used interchangeably with gross domestic product (GDP).