Amacro factor underlying the trend toward greater globalization is:
he increasing popularity of state-owned enterprises.
the establishment of a global legal system.
the development of a single currency.
the decline in trade barriers since the end of world war ii.
the rise in communism around the world.

Option (D) is correct.

Explanation:

A macro factor underlying the trend toward greater globalization is the decline in trade barriers since the end of world war II. One stage toward the pattern of globalization is that expelling the hindrances of exchanging merchandise and different things since the world war II for example since 1950s. Additionally another factor for globalization is changes in innovation.

If the increase in demand were larger than the increase in supply, the equilibrium price increases and the quantity decreases.

Option-c.

Explanation:

The rise in prices is caused by changes from one of the five factors of demand. Some alter in one of five supply determinants outcomes in an supply reduction. A rise in prices on its own increases the amount of balance and increases the price of equilibrium.

A fall in demand itself leads to a decrease in balance volumes and a rise in the balance value. Simultaneous demand growth and supply decline undoubtedly leads to price increases. The quantity change is indeterminate, however. It could increase or decrease according to the size of demand and the adjustments in supply.