Which of the following is a good indicator of economic globalization?
a. an increase in the ratio of world trade to world economic output
b. an increase in the ratio of cross-border capital flows to world economic output
c. an increase in the flow of people across international borders
d. all of these
Question 2
The increasing harmonization of institutions, tastes, preferences, norms, and values on a world scale defines ________ globalization
a. economic
b. political
c. sociocultural
d. institutional
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