Author Question: Which of the following has most contributed to the globalization of the economy? (Read 53 times)

booty5 · **on:** Oct 12, 2022

Question 1

A farmer selling tomatoes and corn at a roadside, and a currency trader in Hong Kong are each participating in
◦ an involuntary transaction.
◦ flexible manufacturing.
◦ international trade.
◦ barter.
◦ a market.

Question 2

Which of the following has most contributed to the globalization of the economy?
◦ reductions in transportation and communication costs
◦ the decline in the relative importance of manufacturing
◦ tariffs and trade barriers
◦ the decreased importance of agriculture
◦ the shift toward a market economy in China

khudija · **Reply #1 on:** Oct 12, 2022

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