According to the textbook,what effect will the increased interdependence of economies around the world have?
A)Socialism will make a comeback.
B)Canadian firms will have more competition and more market opportunities.
C)Canada will experience persistent balance of payments surpluses.
D)Barriers to trade will become more common in the future.

Question

Quizplus · Accepted Answer

The increased interdependence of economies around the world will lead to more competition and market opportunities for Canadian firms as they engage with businesses from other countries. This will result in greater globalization and likely have a significant impact on Canadian business practices over time. Other effects, such as the return of socialism or increased barriers to trade, are less likely to occur based on current economic trends. Canada may also experience balance of payments surpluses or deficits depending on the success of their international trade agreements and partnerships.

According to the Textbook,what Effect Will the Increased Interdependence of Economies