
To explain:
The meaning of globalization.

Explanation of Solution
The unconventional movement of individuals, goods and services across the globe in a flawless and incorporated way is called globalization.
In added terms, the consequence is rising interconnectedness and incorporation of global economies by making trade and investment accessible.
It also means that nationsmodify their foreign policies and measures to authorize migration across countries. Further, it also means that the nationsallow imports and foreign reserves into certain sectors.
Globalization:
Globalization is the procedure by which industry, businessor individuals evolve internationallyand start international trade. The globalization has helped in integration of different economies of the world.
Want to see more full solutions like this?
Chapter 18 Solutions
Macroeconomics (MindTap Course List)
- Suppose there is a new preventative treatment for a common disease. If you take the preventative treatment, it reduces the average amount of time you spend sick by 10%. The optimal combination of Z (home goods) and H (health goods). both may increase both may increase or one may stay the same while the other increases. both may decrease H may increase; Z may not change Z may increase; H may decreasearrow_forwardIn the Bismarck system,. may arise. neither selection both adverse and risk selection ☑ adverse selection risk selectionarrow_forwardPls fill out/explain to me these notes and explanations, thanksarrow_forward
- Simple explanations plsarrow_forwardThis question examines the relationship between the Indian rupee (Rs) and the US dollar ($). We denote the exchange rate in rupees per dollar as ERS/$. Suppose the Bank of India permanently decreases its money supply by 4%. 1. First, consider the effect in the long run. Using the following equation, explain how the change in India's money supply affects the Indian price level, PIN, and the exchange rate, ERS/$: AERS/STIN ERS/$ - ·TUS = (MIN - 9IN) - (Mus - gus). MIN 2. How does the decrease in India's money supply affect the real money supply, in the long PIN run. 3. Based on your previous answer, how does the decrease in the Indian money supply affect the nominal interest rate, UN, in the long run? (hint: M = L(i)Y hold in the long run) 4. Illustrate the graphs to show how a permanent decrease in India's money supply affects India's money and FX markets in the long run. (hint: you may refer to the figures on lecture slides #5, titled "Analysis in the long run.") 5. Illustrate the…arrow_forwardPlease explain the concept/what this fill in graph, thanksarrow_forward
- Economics Today and Tomorrow, Student EditionEconomicsISBN:9780078747663Author:McGraw-HillPublisher:Glencoe/McGraw-Hill School Pub Co





