Globalization of Markets Results in Markets Becoming ____

question 22

Multiple Choice

Globalization of markets results in markets becoming ____.

• A) less interdependent
• B) less diverse
• C) more protected
• D) less competitive

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Definitions:

Mercantilism

An economic theory and practice, dominant in Europe from the 16th to the 18th century, that promotes governmental regulation of a nation's economy for the purpose of augmenting state power.

Economic Theory

A set of principles and models that explains how economies operate, including the distribution of resources, the allocation of goods and services, and the consumption behavior of individuals and organizations.

French Catholics

Members of the Catholic Church residing in France, a demographic that has played significant roles in French history, particularly during conflicts over secularism and the relationship between church and state.