5 Questions
Global economy is the exchange of goods and services integrated into a huge single global ______.
market
This term refers to the international exchange of goods and services that is expressed in monetary units of ______.
money
Economic globalization protect the integration of economies through free trade and ______ flows.
financial
The global economy refers to the interconnected worldwide economic activities that take place between multiple ______.
countries
It refers to the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and ______, flow of international capital, and wide and rapid spread of technologies.
services
Test your knowledge on the global economy and economic globalization with this midterm study guide. Explore the concept of global economy, international trade, and the free movement of goods, capital, services, technology, and information. Prepare for your exam with this comprehensive quiz.
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