Globalization and Interconnected Markets
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Questions and Answers

What happens when countries' markets become integrated and interconnected through economic transactions on cross-national borders?

  • Globalization occurs (correct)
  • Temporary labor migration decreases
  • Technical information becomes more accessible
  • International trade increases

    • Which of the following is NOT a form of economic transaction in globalization?

  • Trade between unrelated firms
  • Temporary and permanent labor migration
  • Transactions within international enterprises (correct)
  • Investments in local production facilities by multinational firms

    • What is the process called when multinational firms invest in local production facilities?

  • International trade
  • Foreign direct investment (correct)
  • Temporary labor migration
  • Technical information

    • What do international economists consider globalization to be?

    <p>A simple explanation</p> Signup and view all the answers

    What is one of the factors that drives economic transactions in globalization?

    <p>Financial instruments</p> Signup and view all the answers

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