If, in response to an increase in the price of pineapples, the quantity of pineapples demanded decreases, then economists would describe this as

The law of demand

A) was passed by the 102nd U.S. Congress. B) is a natural law, much like the law of gravity. C) is considered a "law" in economics because of the overwhelming empirical evidence that supports its logic. D) is considered a "law" in economics in order to force economic models to operate fully.

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.