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Questions and Answers
Global economy is the exchange of goods and services integrated into a huge single global ______.
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 ______.
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.
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 ______.
The global economy refers to the interconnected worldwide economic activities that take place between multiple ______.
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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.
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.
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Study Notes
Global Economy
- The global economy is the exchange of goods and services integrated into a single, huge global market.
- It involves the international exchange of goods and services, expressed in monetary units of money.
- The term also encompasses the free movement of goods, capital, services, technology, and information.
- Economic globalization promotes the integration of economies through free trade and financial flows.
- The global economy refers to the interconnected worldwide economic activities that take place between multiple countries.
- It is characterized by the increasing interdependence of world economies due to:
- The growing scale of cross-border trade of commodities and services.
- The flow of international capital.
- The wide and rapid spread of technologies.
Historical Background
- The Silk Road was a network of pathways that facilitated early global economic exchange.
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Description
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.
