Paragraph s temporarily stored on your computer. Save 15. Globalization is an ec

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Paragraph s temporarily stored on your computer. Save 15. Globalization is an economic issue and does not involve political and social dimensions. a. True b. False 16. What has happened to countries that did not participate in the globalization of the world economy? a. The fraction of the population living below the poverty line in these countries has decreased. b. These countries have been mired in a low-growth path and are experiencing high poverty rates. c. The socialist policies in these countries have caused a big change in the income distribution, something that globalization could not have achieved d. The growth rate of these countries is stronger than the First World countries. e. The domestic industries in these countries have experienced robust growth. 17 Commercial policy is government policy that influences: a the operation of commercial banks b domestic trade flows. c.domestic private corporations. d intenational trade flows e the operation of capital markets. 10 6 8 9

Explanation / Answer

1) Globalization is an economic issue and does not involve political and social dimensions...FALSE

Explanation: Globalization involve economic, political and social dimensions

2) Solution: The domestic industries in these countries have experienced robust growth

Explanation: Since it is a closed economy thus domestic industries experiences robust growth

3) Solution: international trade flows

Explanation: Commercial policy is government policy that influences the economic transactions across international borders

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