A(n) __________ economy is one in which resources, markets, and competition are worldwide in scope.
A) foreign
B) domestic
C) outsourced
D) global

Question

Quizplus · Accepted Answer

A global economy refers to an economy that operates on a worldwide scale, with resources, markets, and competition spread across different regions and countries. It is characterized by increased interconnectedness and interdependence among nations, facilitated by advancements in technology, transportation, and communication.

A(n) __________ Economy Is One in Which Resources, Markets, and Competition