This chapter's "Focus on Globalization" section discusses economic globalization.Which of the following is an outcome of our 21^st-century global economy? A) Modern-day transnational finance has shifted economic control of local life to outsiders. B) Economic functions are now locally controlled. C) Foreigners now finance only a small percentage of the U.S. national debt. D) American companies are withdrawing from foreign markets. E) With increasing globalization there is increased face-to-face contact in economic transactions.

Question

Quizplus · Accepted Answer

The passage states that "modern-day transnational finance has shifted economic control of local life to outsiders," indicating that economic globalization has led to increased control by foreign entities over local economies. The other options are incorrect or unsupported by the passage.

This Chapter's "Focus on Globalization" Section Discusses Economic Globalization