SSC
GENERAL ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following describes an effect of globalisation?
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There has been a greater divergence in world economic systems.
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There has been an increase in global poverty.
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There has been an increasing trend towards regulation of markets.
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There has been as increase in the flow of financial capital.
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Explanation:
Detailed explanation-1: -Competition and Costs. Business is all about getting the best products to the greatest number of people at the lowest cost. Globalization often lowers inflation, empowering the consumer to buy more goods.
Detailed explanation-2: -The correct answer is c) It impacts the commercial, economic, social, and political environment.
Detailed explanation-3: -The correct answer is D. Financial globalization tends to enhance herd mentality among investors. In herding, the tendency of investors and fund directors rushing into dangerous investments without appropriate knowledge and understanding of the trade-off between risk and return is prevalent.
There is 1 question to complete.