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Questions and Answers
Which term is often used to describe the process of integration of national economies into a global economic system?
Which term is often used to describe the process of integration of national economies into a global economic system?
- Isolation
- Nationalization
- Globalization (correct)
- Localization
What does the chart show about the value of world exports over the period 1800-2014?
What does the chart show about the value of world exports over the period 1800-2014?
- Exports have decreased over time
- Exports have fluctuated over time
- Exports have remained constant over time
- Exports have grown remarkably over time (correct)
How much larger are exports today compared to 1913?
How much larger are exports today compared to 1913?
- 20 times larger
- 10 times larger
- 30 times larger
- 40 times larger (correct)
What can clicking on the 'Linear' option on the chart help you see?
What can clicking on the 'Linear' option on the chart help you see?
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What kind of growth has international trade roughly followed over the long run?
What kind of growth has international trade roughly followed over the long run?
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