Author Question: Market globalization is: a. the expansion of a national economy into a complete global economy. ... (Read 123 times)

jake · **on:** Jul 10, 2018

Market globalization is:

a. the expansion of a national economy into a complete global economy.
b. a unique scenario that only plays out in non-Western countries.
c. the process by which capital and other forms cross national boundaries at prices largely determined by global supply and demand.
d. when food is sold at the same prices all around the world.

Question 2

The cost of corn tortillas in Mexico increased due to the use of corn to produce ethanol for fuel in the U.S. This is an example of:

a. a monopoly.
b. market globalization.
c. redistribution of commodities.
d. negative reciprocity.