- In relative terms, globalization has affected all countries equally. (a) True (b) False.
- Describe three macroeconomic drivers behind globalization.
- As globalization and world trade proliferates, individual markets within countries’ economies become more competitive. (a) True (b) False.
- How does the proliferation of global trade and competition contribute to markets moving more away from market-possessing power to the more perfect competition?
In theoretical terms, explain the relationship between globalization and poverty.
Solution:
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