The Process of Countries Becoming More Open to Foreign Trade

question 21

Multiple Choice

The process of countries becoming more open to foreign trade and investment is known as

• A)autarky.
• B)foreign exchange.
• C)globalization.
• D)protectionism.

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Definitions:

Shop Online

The act of purchasing products or services over the Internet from websites or online marketplaces.

Eight-Second Rule

A view that customers will abandon their efforts to enter and navigate a website if download time exceeds eight seconds.

Internet Auction

An online platform where goods or services are sold to the highest bidder through a competitive bidding process.

Marketer-To-Consumer

A business model focused on direct communication and transaction between marketers and consumers, bypassing intermediaries.