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Questions and Answers

Which term refers to the increasing interdependence of world economies as a result of cross-border trade, flow of international capital, and spread of technologies?

  • Economic globalization (correct)
  • International integration
  • Human innovation
  • Technological progress
  • According to the International Monetary Fund, economic globalization is a result of which of the following?

  • Human innovation and technological progress (correct)
  • Increasing integration of economies
  • Movement of goods and services
  • Movement of people and knowledge
  • What does economic globalization make the world economy?

  • An isolated system
  • A closed system
  • An organic system (correct)
  • A stagnant system
  • What is the irreversible trend for economic development in the whole world at the turn of the millennium?

    <p>Economic globalization</p> Signup and view all the answers

    What does economic globalization refer to in economic terms?

    <p>A process making the world economy an organic system</p> Signup and view all the answers

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