Globalization Can Create Benefits for All Countries Because of

question 1

Multiple Choice

Globalization can create benefits for all countries because of

• A) stable exchange rates.
• B) coordinated fiscal policy.
• C) comparative advantage, specialization, and trade.
• D) price stability.
• E) Joseph Stiglitz.

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Definitions:

Intellectual Property

Legal rights that protect creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images.

Intangible Property

Assets that do not have a physical presence but possess value, such as intellectual property, brand recognition, and copyrights.

Real Property

Refers to immovable property such as land and anything permanently attached to the land, like buildings.

Personal Property

Things of value that you own (such as a car or laptop).