One of the innovations that helped globalization was
A) a reduction in transaction costs due to containerization.
B) global population growth that led to an increase in market demand.
C) a recognition that proprietors and firms were not perfectly rational with the result of relaxation of price controls.
D) the development of currency controls.
Correct Answer:
Verified
Q183: The characteristics of a perfectly competitive market
Q184: If a perfectly competitive market is in
Q185: If output falls below equilibrium in a
Q186: The market structure that maximizes consumer surplus
Q187: Which statement is TRUE about perfectly competitive
Q189: If many firms enter a competitive market
Q190: Suppose that the corn industry is perfectly
Q191: Which industry is most likely to be
Q192: Suppose a combination of population growth and
Q193: (Figure: Determining Industry Cost Characteristics) Short-run and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents