ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
GLOBALIZATION AND ENTREPRENEURSHIP
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
nonprofit organizations
|
|
|
the profit motives
|
|
|
the economics of one unit
|
|
|
the global economy
|
Detailed explanation-1: -A country’s importing and exporting activity can influence its GDP, its exchange rate, and its level of inflation and interest rates. A rising level of imports and a growing trade deficit can have a negative effect on a country’s exchange rate.
Detailed explanation-2: -International trade in which countries both import and export the same or similar goods is called two-way (or intraindustry) trade.
Detailed explanation-3: -Globalization is the connection of different parts of the world. Globalization results in the expansion of international cultural, economic, and political activities.
Detailed explanation-4: -The global economy is innately tied to trade; it allows countries around the world to obtain any resource they may want, whether or not it is produced on the home front. This availability of resources is facilitated through trade.