Which picture depicts our contemporary world?

World economy is not exclusively limited to human economic activity and is not judged in monetary terms.

Which is not a component of globalization?

When prices among different location or related goods follow the same pattern over a long period of time, ________________ exist.

New technology created the connections that propelled globalization.

The World Trade Organization (WTO) deals with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible. Which is the logo of WTO?

It is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.

The general complaint about globalization is that it has made the rich richer while making the non-rich poorer.

Competition between countries is supposed to drive prices down. In many cases this is not working because countries manipulate their currency to get a price advantage.