a. project aid. b. emergency aid. c. development aid. d. bilateral aid e. multilateral aid 11. Supporters of globalization argue that increased globalization will lead to: a. increased living standards. b.decreased budget deficits. c.decreased trade deficits. d. currency appreciation. e. monetary stability 12. Countries that enjoy long distance flows of goods, capital, and services as well as information and perceptions that accompany market exchanges would be categorized under globalization a. ethical bcultural c. social d. e political economic Solution 11, answer a. Increased living standards Question 12.) Answer d. Economic Globalization, it refers to Globalization of production , finance, markets , institution, technology, corporation & labor.