Which of the following is not a defining characteristic of globalization?
a. Increased cross-border flow of trade in goods
b. Increased cross-border flow of trade in services
c. Increased international mobility of information
d. Increased frequency of wars
e. Increased mobility of individuals across borders
Question 2
Golf course developers who buy the land around the golf course they build are attempting to:
a. impose external costs on non-consenting third parties.
b. internalize external benefits.
c. turn a private good into a public good.
d. internalize external costs.