Which of the following has most contributed to the globalization of the economy?
A)the decreased importance of agriculture
B)reductions in transportation and communication costs
C)the shift toward a market economy in China
D)tariffs and trade barriers
E)the decline in the relative importance of manufacturing

Question

Quizplus · Accepted Answer

The reduction in transportation and communication costs has facilitated the movement of goods, services, and capital across borders, allowing for an increase in international trade and investment. This has played a significant role in the globalization of the economy.

Which of the Following Has Most Contributed to the Globalization