Which of the following is not a reason why the world economy is globalizing at an accelerated pace?
A) Growth-minded companies are racing to build stronger competitive positions in the markets of more countries.
B) Information technology is shrinking the importance of geographic distance.
C) Countries that previously had planned economies now embrace mixed or market economies.
D) Countries previously closed to foreign companies have opened their markets.
E) Countries opposed to market or mixed economies have stringent trade barriers in place.
Correct Answer:
Verified
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