The trend toward a more integrated and interdependent global economic system that has been in place for many years is commonly referred to as:
A) market standardization
B) cross-border integration
C) globalization
D) consumerism
E) nationalization

Question

Quizplus · Accepted Answer

The trend toward a more integrated and interdependent global economic system is commonly referred to as globalization. This term encompasses the increasing interconnectedness of countries and businesses around the world through trade, investment, and the circulation of technology and ideas. It has been a major force shaping the global economy and has brought both benefits and challenges.

The Trend Toward a More Integrated and Interdependent Global Economic