Which of the Following Factors Are Responsible for the Creation

question 67

Multiple Choice

Which of the following factors are responsible for the creation and expansion of a global marketplace?

• A)The dissolution of Communism in Eastern Europe and the creation of the European Union.
• B)Emerging markets in China and growing Asian export-driven economies.
• C)Falling trade barriers and the establishment of new trade agreements.
• D)All of these answer choices are correct.

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Definitions:

Sherman Act

This law is a landmark legal statute in the U.S. that prohibits monopolies and any agreements that restrict free trade, aiming to foster competition.

Monopoly Power

The ability of a single seller to control market prices and exclude competitors within a particular market.

Tying Contracts

Agreements where the sale of one product (the tying product) is conditional on the purchase of a second, distinct product (the tied product).

Major Industry

Denotes a leading sector of the economy that plays a significant role in economic development, characterized by a high level of output and employment.