HISTORY
THE WORLD TODAY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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“During the past half-century, barriers to trade and to financial flows have generally come down, resulting in a significant broadening of world markets. Expanding markets, in turn, have enhanced competition and nurtured . . . the continuous scrapping of old technologies to make way for the new..”-Alan Greenspan, former chairman of the U.S. Federal ReserveBased on this excerpt, Greenspan would be most likely oppose ____
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multinational corporations.
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high tariffs.
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nonproliferation.
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import substitution.
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Explanation:
Detailed explanation-1: -What determines which type of economy a country has? The type of economy is determined by the extent of government involvement in economic decision making.
Detailed explanation-2: -IT WAS THE RESULT OF THE ESTABLISHMENT OF A GLOBAL ECONOMY THAT INVOLVED THE HOMOGENIZATION OF TRADE AND COMMERCE. PRIOR TO THE TRENDS IN GLOBALIZATION OF THE 20TH CENTURY, INTERNATIONAL TRADE AND EXCHANGE OF GOODS AND SERVICES WERE ALREADY PRACTICED.
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