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In 1995, the Government of Duyat, a Country in Asia

Question 1

Multiple Choice

In 1995, the government of Duyat, a country in Asia, began major economic reforms that allowed free trade relations with other countries. Duyat started exporting iron ore and limestone to other countries around the world. Its domestic market strengthened, and it experienced an economic boost. This scenario best exemplifies _____.


A) nationalization
B) subsidization
C) commodification
D) globalization

Correct Answer:

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