All of the following are characteristic of the global economy except:
A) The increasing importance of developing countries as sources of revenue growth
B) The free movement of goods, services, people, skills, and ideas across geographic borders
C) The increased use of tariffs to protect industries
D) Higher levels of performance standards

Question

Quizplus · Accepted Answer

The increased use of tariffs to protect industries goes against the trend of free movement of goods and services across borders, which is a characteristic of the global economy. Therefore, C is the only option that is not a characteristic of the global economy.

All of the Following Are Characteristic of the Global Economy