Question : What is a consequence of globalization on economic change?
Option 1: Decreased trade barriers
Option 2: Lowered economic growth
Option 3: Increased self-sufficiency
Option 4: Reduced global competition
Answer (1)
22nd Jan, 2024
Correct Answer:
Decreased trade barriers
Solution : A consequence of globalisation on economic change is decreased trade barriers, which facilitates the flow of goods, services, and capital across borders, promoting economic integration.
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