In What Way Has Globalization Affected the Economy

question 68

Multiple Choice

In what way has globalization affected the economy?

• A) Transnational markets have given way to national markets.
• B) Regional trade blocs have been replaced by domestic markets.
• C) National markets are becoming less dependent on each other.
• D) National markets are being overtaken by regional trade blocs.

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Definitions:

Monopolist

A sole provider of a product or service in a market, holding significant market power.

All-Star Members

Describes individuals within a group or team recognized for outstanding performance or contribution.

High Levels

Typically refers to positions, measurements, or statuses that are above average or superior in comparison to a standard or norm.

Best Teams

Refers to groups of individuals who achieve high levels of performance and success by effectively collaborating, communicating, and focusing on common goals.