In what way has globalization affected the economy?
A) Transnational markets have given way to national markets.
B) Regional trade blocs have been replaced by domestic markets.
C) National markets are becoming less dependent on each other.
D) National markets are being overtaken by regional trade blocs.

Question

Quizplus · Accepted Answer

Globalization has led to the formation of regional trade blocs, such as the European Union and NAFTA, which have created larger, more integrated markets. This has in turn affected national markets, which are being overtaken by these regional trade blocs.

In What Way Has Globalization Affected the Economy