Question

what is meant by globalization?
○ an economy in which most economic decisions are made by buyers and sellers, who may be individuals or firms.
○ the market in which households sell their labor as workers to businesses or other employers.
○ the trend in which buying and selling in markets have increasingly crossed national borders.
○ a market in which firms are sellers of what they produce and households are buyers.
question 2
2 pts
the term fiscal policy describes when workers or firms focus on particular tasks in the overall production process for which they are well - suited.
a. true
b. false

Explanation:

Globalization refers to the increasing interconnectedness and integration of economies, cultures, and societies around the world, often characterized by cross - border economic activities. Fiscal policy is related to government spending and taxation, not workers' or firms' focus on particular tasks.

Answer:

Question 1: The trend in which buying and selling in markets have increasingly crossed national borders.
Question 2: B. False