Which of the following statement pertaining to changes in the global economy of the 21^st century is not true? A)Barriers to the free flow of goods,services,and capital have been coming down. B)Volume of cross-border trade and investment has been growing more rapidly than global output. C)National economies are becoming more independent and moving away from the global economic system. D)As economies advance,more nations are joining the ranks of the developed world.

Question

Quizplus · Accepted Answer

The statement that national economies are becoming more independent and moving away from the global economic system is not true. In fact, globalization has increased the interdependence of national economies and integrated them into the global economic system. This can be seen through the growth of cross-border trade and investment, as stated in option B.

Which of the Following Statement Pertaining to Changes in the Global