Busmhr 2000 exam 1 Samenvattingen, Aantekeningen en Examens
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BUSMHR 2000 Exam 1 questions with correct answers
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Globalization 
The shift toward a more integrated and interdependent world economy. 
 
 
 
Globalization of markets 
The merging of historically distinct and separate national markets into one huge global marketplace. 
 
 
 
Globalization of production 
The sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production. 
 
 
 
Factors of production 
Labor, energy, land, and capital. 
 
 
 
General Agreemen...
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BUSMHR 2000 Exam 1 questions with correct answers
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BUSMHR 2000 Exam 1 questions with correct answers 
Grossman and Krueger's study revealed the relationship between pollution levels and income. Which pollutant was the exception to their study? 
nitrous oxide 
sulfur dioxide 
lead 
carbon dioxide 
hydrogen 
When considering globalization, what is considered the single most important innovation since World War II? 
 
higher education 
transcontinental air transport 
the telephone 
the microprocessor 
cross-country railway systems 
Which of these...
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