Question

Which of the following statements is true of globalization?
a. It encourages the monopoly of protected domestic traders.
b. It increases the restrictions on free trade.
c. It increases the productivity and growth of businesses.
d. It raises the standard of living of high-wage families.

Answer 1

Answer:

C.

Explanation:

Economic globalization is a historical process, the result of human innovation and technological progress. It refers to the increasing integrations of the economies arround the world, particularly through the movement of goods, services and capital across borders.

Is foundamentally the integration of various political, economic and cultural systems. The conversion and interconnection of people, places and ideas that collectively transforms the economy and increases the productivity and growth of businesses.