Globalization of the Location Decision Is the Result of All

question 108

Multiple Choice

Globalization of the location decision is the result of all of the following except

• A) market economics.
• B) higher quality of labour overseas.
• C) ease of capital flow between countries.
• D) high differences in labour costs.
• E) more rapid, reliable travel and shipping.

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Definitions:

Interest Rates

The cost of borrowing money or the return on investments, typically expressed as a percentage of the principal amount.

Investment

Spending on business capital, residential capital, and inventories

Short-Run Phillips

A concept in economics that illustrates an inverse relationship between the rate of unemployment and the rate of inflation over the short term.

Expansionary Monetary

Refers to a policy aimed at increasing the money supply in order to stimulate economic activity, typically adopted by a central bank to foster economic growth.