Multiple Choice
The process of countries becoming more open to foreign trade and investment and a trend towards a more integrated global system is known as
A) autarky.
B) foreign exchange.
C) globalisation.
D) protectionism.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Goods and services bought domestically but produced
Q20: What is an 'open economy'?
Q21: Table 13.6<br>Production and<br>Consumption Production<br>Without Trade With Trade
Q22: Table 13.1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Table 13.1
Q23: What term refers to reductions in a
Q26: What is absolute advantage?<br>A)The ability to produce
Q28: Table 13.6<br>Production and<br>Consumption Production<br>Without Trade With Trade
Q30: Table 13.3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Table 13.3
Q179: The process of countries becoming more open
Q182: Free trade refers to trade between countries