Which of the following is an indication of the increased globalization of business since the end of World War II?
A)Foreign trade has largely replaced foreign ownership as a means of conducting international business.
B)World trade has grown more rapidly than world production.
C)Globally, consumers now depend on foreign output for more than half their consumption.
D)Countries have increased their import restrictions to counter the rising tide of imports.

Question

Quizplus · Accepted Answer

The fact that world trade has grown more rapidly than world production is a clear indication of increased globalization of business since the end of World War II. This suggests that countries are relying more on international trade rather than domestic production to meet their needs.

Which of the Following Is an Indication of the Increased