Globalization can be defined as:
a. the attitude or policy of placing the interests of the entire world above those of individual nations.
b. viewing the entire world as a proper sphere for one nation to project political influence.
c. a period in history that has witnessed a dramatic change in world political thought and the balance of power.
d. an increased cross-border flow of trade in goods, services, and financial assets, along with an increased international mobility of technology, information, and individuals.
e. a social movement that supports global cooperation and interaction, but which opposes the negative effects of economic development across nations.
d
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According to this Application, the main concern of Greek residents was that
A) the Prime Minister of Greece would be impeached. B) hyperinflation could occur in the economy. C) the country wold switch to a gold standard. D) banks would convert their accounts to drachmas and they would suffer financial losses.
The budget line ________
A) shows the limits to a household's consumption choices B) illustrates a household's preferences C) defines a household's consumption when prices change D) shows the income a household needs to be able to buy goods and services