Podcast Beta
Questions and Answers
Deepening of local connections is the primary focus of ______ as a process.
globalization
Globality is the term that scholars, including Scholte (2008), use to refer to ______ as a social condition characterized by trans-planetary connectivity and supra-territoriality.
globalization
Spreading of fast food chains worldwide is an example of a cultural consequence of ______.
globalization
Tariffs and import quotas are examples of ______ done by countries to protect its domestic industries from foreign competition.
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According to Steger (2005) changes in technology and political aspects are the key factors contributing to ______.
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Best examples of Economic regionalism are Free trade areas, customs unions, common markets, and economic ______.
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______ leads to the outsourcing of jobs to lower-wage labor markets.
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______ is a social condition characterized by trans-planetary connectivity and supra-territoriality.
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Syrian family fled their country because of war is an example of ______ as a condition.
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To help the countries from the devastation of war through the implementation of a new international monetary system is the main purpose of ______ Conference.
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______ is the idea that, in a globalized world, individuals and organizations can easily interact and conduct business across national borders.
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Income inequality within and between countries is one of the potential drawbacks of ______.
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The Heckscher-Ohlin model evaluates the equilibrium of trade between two countries that have varying specialties and natural resources. It explains how a nation should operate and trade when resources are imbalanced throughout the world. It isn't limited to commodities, but also incorporates other production factors such as _____.
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Advantages of trading: The exploitation of a country’s comparative advantage, which means that trade encourages a country to specialize in producing only those goods and services which it can produce more effectively and efficiently, and at the lowest opportunity cost. Trade increases competition and lowers world prices, which provides benefits to consumers by raising the purchasing power of their own income, and leads to a rise in consumer surplus. Trade is also likely to increase employment, given that employment is closely related to _____.
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Trade means that more will be employed in the export sector and, through the multiplier process, more jobs will be created across the whole economy. This shows how trade contributes to _____ creation.
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The Heckscher-Ohlin model evaluates the equilibrium of trade between two countries that have varying specialties and natural resources. It explains how a nation should operate and trade when resources are imbalanced throughout the world. It isn't limited to commodities, but also incorporates other production factors such as labor. Advantages of trading: The exploitation of a country’s comparative advantage, which means that trade encourages a country to specialize in producing only those goods and services which it can produce more effectively and efficiently, and at the lowest opportunity cost. Trade increases competition and lowers world prices, which provides benefits to consumers by raising the purchasing power of their own income, and leads to a rise in consumer surplus. Trade is also likely to increase employment, given that employment is closely related to production. Trade means that more will be employed in the export sector and, through the multiplier process, more jobs will be created across the whole economy. This demonstrates how trade can contribute to economic _____.
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The Heckscher-Ohlin model evaluates the equilibrium of trade between two countries that have varying specialties and natural resources. It explains how a nation should operate and trade when resources are imbalanced throughout the world. It isn't limited to commodities, but also incorporates other production factors such as labor. Advantages of trading: The exploitation of a country’s comparative advantage, which means that trade encourages a country to specialize in producing only those goods and services which it can produce more effectively and efficiently, and at the lowest opportunity cost. Trade increases competition and lowers world prices, which provides benefits to consumers by raising the purchasing power of their own income, and leads to a rise in consumer surplus. Trade is also likely to increase employment, given that employment is closely related to production. Trade means that more will be employed in the export sector and, through the multiplier process, more jobs will be created across the whole economy. Trade also encourages technological _____.
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The Heckscher-Ohlin model evaluates the equilibrium of trade between two countries that have varying specialties and natural resources. It explains how a nation should operate and trade when resources are imbalanced throughout the world. It isn't limited to commodities, but also incorporates other production factors such as labor. Advantages of trading: The exploitation of a country’s comparative advantage, which means that trade encourages a country to specialize in producing only those goods and services which it can produce more effectively and efficiently, and at the lowest opportunity cost. Trade increases competition and lowers world prices, which provides benefits to consumers by raising the purchasing power of their own income, and leads to a rise in consumer surplus. Trade is also likely to increase employment, given that employment is closely related to production. Trade means that more will be employed in the export sector and, through the multiplier process, more jobs will be created across the whole economy. This highlights the role of trade in fostering economic _____.
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