I think that Adam Smith would be more supportive of globalization of multinational corporations since his major work, the Wealth of Nations dealt with the workings of the capitalist system and supported it. I think that Karl Marx would be strongly opposed to the control that the multi-nationals have over their neo-colonies but at the same time would applaud the way that globalization has developed solidarity between the working class of the different countries such as between the major capitalist countries and the so-called Third World countries.
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Foreign policy goals include the following: Preserving the national security of the United States. Promoting world peace and a secure global environment. Maintaining a balance of power among nations.
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Opportunity cost is the cost of the next-best option. It is something important to know.
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In microeconomic theory, opportunity cost is the loss or the benefit that could have been enjoyed if the best alternative choice was chosen. As a representation of the relationship between scarcity and choice, the objective of opportunity cost is to ensure the efficient use of scarce resources.
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Muckrakers presented Americans with facts about corruption in industry and government that prompted them to demand change.
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It led to the fall of four great imperial dynasties (in Germany, Russia, Austria-Hungary, and Turkey), resulted in the Bolshevik Revolution in Russia, and, in its destabilization of European society, laid the groundwork for World War II.
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