Which of the following statements reflects the nature of the global economy of the twenty-first century?
A)National economies are becoming less integrated into a single and interdependent economic system.
B)The number of nations joining the ranks of the developed world has reduced.
C)Countries have extensively adopted liberal economic policies.
D)There are fewer instances of state-owned businesses privatized and markets being opened to more competition.
E)The world is currently moving toward an economic system that is more unfavorable for international business.

Question

Quizplus · Accepted Answer

The statement that countries have extensively adopted liberal economic policies reflects the nature of the global economy in the twenty-first century. This is evidenced by the prevalence of free trade agreements, open market policies, and the reduction of trade barriers in many parts of the world. The other choices are inaccurate as they do not reflect the trends in the global economy.

Which of the Following Statements Reflects the Nature of the Global