Velasquez Study guides, Class notes & Summaries
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Chapter 3 Velasquez Test Bank
- Exam (elaborations) • 12 pages • 2024
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MULTIPLE CHOICE 
1. Distributing goods and services, and determining which members of society will receive 
what, is one of the tasks that must be achieved to have a. a utilitarian economy. b. an economic system. c. free trade. 
d. globalization. 
Answer: B 
Topic: Globalization and the Business System 
Learning Objective: 3.1: Explain the impact of globalization on the business system 
Skill Level: Understand the Concepts 
Difficulty Level: Moderate 
2. Which of the following best describes h...