Most countries participate in __________, a largely capitalistic competition where goods, money, and ideas flow easily to wherever there are customers.

Question

Quizplus · Accepted Answer

The phrase "a largely capitalistic competition where goods, money, and ideas flow easily to wherever there are customers" is describing the world market, which is a term used to refer to the global exchange of goods and services. Free trade agreements (B) and plurilateral agreements (D) are specific types of agreements that countries enter into to facilitate trade, but they are not synonymous with the overall world market. Non-tariff barriers (C) are measures that countries may use to restrict trade, so they are not relevant in describing the open nature of the world market.

Most Countries Participate in __________, a Largely Capitalistic Competition Where