According to Globalization Skeptics,compared with Patterns of Trade a Century

question 25

Multiple Choice

According to globalization skeptics,compared with patterns of trade a century ago,today

• A) the world economy is less global and more regionalized.
• B) the world economy is more global and less regionalized.
• C) there is less trade because there are too many types of currency.
• D) the world economy has not changed much.

---

Definitions:

Foreign Debts

Obligations owed by a country to foreign creditors, often in the form of loans or bonds, which must be repaid in the currency in which they were issued.

Domestic Manufacturing

The production of goods within a country's borders, emphasizing the role of local industries and labor.

Foreign Trading

The act of buying and selling goods and services between different countries, also known as international trade.

Spot Exchange Rate

Buying foreign currency at present-day rates in anticipation of future transactions.