Which of the following statements concerning the global marketplace is true?
A)The global marketplace is diminishing because of Internet technology.
B)The global marketplace is growing because of trade agreements.
C)The global marketplace is growing due to the threat of the ability of a single nation to manufacture, supply, and consume all that it produces.
D)The global marketplace is growing owing to the talent shortage in the home countries of national companies.

Question

Quizplus · Accepted Answer

Trade agreements, such as NAFTA and the European Union, have facilitated the growth of the global marketplace by reducing barriers to trade and encouraging international investment. The internet technology has also contributed to the growth of the global marketplace by enabling companies from anywhere in the world to compete and reach customers in new markets. However, it has not led to the diminishing of the global marketplace. Option C is not entirely accurate and Option D is not a significant reason for the growth of the global marketplace.

Which of the Following Statements Concerning the Global Marketplace Is