The question related to this reference involve a normal product. 1.Increase in price A. Increase in quantity 2. Decrease in price B. Decrease in quantity t C. No change in quantity 3. No change in price 4 Indeterminate price D. Indeterminate quantit Refer to the above information to answer this question. What would be the effect on a product if the prices of both a substitute good and a substitute in production were to decrease? Select one: O A. 1 and A. O B. 3 and D. O C. 3 and C. O D. 2 and D. O E. 1 and C.

Globalization had brought different effects to the society. It had changed that world and how the world processes. Different states join together in creating a better world for humanity. Different businesses establish parts of their business in different parts of the planet in order to provide work for the underdeveloped or developing nations. Most of these nations profit from the globalization processes of the world because this is the way in which they acquire profit. Having a Multi-national Corporation (MNC) invest in one of those nations provides good opportunity not only for the government but also the people. Among the entities involved in the process of globalization, the people are said to profit most for the reason that they are given opportunities and jobs for their family. However in another perspective, the MNCs could be seen as the most profitable entity in the aspect of globalization. It is known to many that the labor pay for the people of the developed and…

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