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Direction: Write T if the statement is correct, and F if the statement is incorrect. 1. Globalism involves the intensification of social relations worldwide. 2. Globalization enables for events many miles away shape to local happenings, and vice ver 3. Anthony Gidden introduced the term "global village" to describe how mass communicatio technologies such as newspapers, books, radio, television and movies has created a comm that spans the entire world. 4. As a consequence of the Treaty (or Treaties) of Westphalia, secular political power was stripped from religious authorities. 5. The United Nation's main mandate is to preserve global security, which it does particularl through the Security Council. 6. The global economy refers to the interconnected worldwide economic activities that take place between multiple countries. 7. International Finance refers to the exchange of goods and services between different countries, and it has also helped countries to specialize in products which they have a comparative advantage in. 8. The specialization of goods production in most countries has led to advantageous econom factors such as lower average costs and lower prices for customers. 9. Due to the presence of regionalism, it has become easier for countries to attract short-ter and long-term investment. 10 Imperialism refers to the "various methods" that one country employs to gain political

Direction: Write T if the statement is correct, and F if the statement is incorrect. 1. Globalism involves the intensification of social relations worldwide. 2. Globalization enables for events many miles away shape to local happenings, and vice ver 3. Anthony Gidden introduced the term "global village" to describe how mass communicatio technologies such as newspapers, books, radio, television and movies has created a comm that spans the entire world. 4. As a consequence of the Treaty (or Treaties) of Westphalia, secular political power was stripped from religious authorities. 5. The United Nation's main mandate is to preserve global security, which it does particularl through the Security Council. 6. The global economy refers to the interconnected worldwide economic activities that take place between multiple countries. 7. International Finance refers to the exchange of goods and services between different countries, and it has also helped countries to specialize in products which they have a comparative advantage in. 8. The specialization of goods production in most countries has led to advantageous econom factors such as lower average costs and lower prices for customers. 9. Due to the presence of regionalism, it has become easier for countries to attract short-ter and long-term investment. 10 Imperialism refers to the "various methods" that one country employs to gain political

Microeconomics A Contemporary Intro
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter2: Economic Tools And Economic Systems
Section: Chapter Questions
Problem 18PAE
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Direction: Write T if the statement is correct, and F if the statement is incorrect. 1. Globalism involves the intensification of social relations worldwide. 2. Globalization enables for events many miles away shape to local happenings, and vice versa. 3. Anthony Gidden introduced the term "global village" to describe how mass communication technologies such as newspapers, books, radio, television and movies has created a community that spans the entire world. 4. As a consequence of the Treaty (or Treaties) of Westphalia, secular political power was stripped from religious authorities. 5. The United Nation's main mandate is to preserve global security, which it does particularly through the Security Council. 6. The global economy refers to the interconnected worldwide economic activities that take place between multiple countries. 7. International Finance refers to the exchange of goods and services between different countries, and it has also helped countries to specialize in products which they have a comparative advantage in. 8. The specialization of goods production in most countries has led to advantageous economic factors such as lower average costs and lower prices for customers. 9. Due to the presence of regionalism, it has become easier for countries to attract short-term and long-term investment. 10. Imperialism refers to the "various methods" that one country employs to gain political, economic and military control over another country or geographic area.
Transcribed Image Text:Direction: Write T if the statement is correct, and F if the statement is incorrect. 1. Globalism involves the intensification of social relations worldwide. 2. Globalization enables for events many miles away shape to local happenings, and vice versa. 3. Anthony Gidden introduced the term "global village" to describe how mass communication technologies such as newspapers, books, radio, television and movies has created a community that spans the entire world. 4. As a consequence of the Treaty (or Treaties) of Westphalia, secular political power was stripped from religious authorities. 5. The United Nation's main mandate is to preserve global security, which it does particularly through the Security Council. 6. The global economy refers to the interconnected worldwide economic activities that take place between multiple countries. 7. International Finance refers to the exchange of goods and services between different countries, and it has also helped countries to specialize in products which they have a comparative advantage in. 8. The specialization of goods production in most countries has led to advantageous economic factors such as lower average costs and lower prices for customers. 9. Due to the presence of regionalism, it has become easier for countries to attract short-term and long-term investment. 10. Imperialism refers to the "various methods" that one country employs to gain political, economic and military control over another country or geographic area.
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