Which of the following is a characteristic of the global economy?
A) The spread of economic innovations around the world
B) The free movement of goods,services,people,skills,and ideas across geographic borders
C) The increased use of artificial constraints,such as tariffs
D) The ability of a firm to be first to market its products in a developing country

Question

Quizplus · Accepted Answer

The global economy is characterized by the free movement of goods, services, people, skills, and ideas across geographic borders. This is facilitated by globalization, advances in technology, and the increased interconnectedness of the world's economies. This characteristic has enabled firms to tap into new markets and consumers, and has led to a more integrated global economy.

Which of the Following Is a Characteristic of the Global