What is implied by the fact that in today's marketplace, the volume of world trade has been growing faster than world GDP?
A) More companies are relying on domestic firms to obtain parts of their production process.
B) The economies of the world's nation-states are becoming less intertwined.
C) More companies are dispersing parts of their production process to locations around the globe.
D) The world has experienced a loss of overall wealth in the last two decades.
E) More countries are imposing trade barriers to minimize competition.

Question

Quizplus · Accepted Answer

The fact that world trade is growing faster than world GDP implies that companies are increasingly globalizing their production processes, sourcing parts and services from various locations worldwide to optimize costs and efficiency.

What Is Implied by the Fact That in Today's Marketplace