Which of the following statements pertaining to changes in the global economy of the 21st century is true? Multiple Choice Barriers to the free flow of goods, services, and capital have increased. Volume of global output has been growing more rapidly than cross-border trade and investment. National economies are becoming more independent. The world is moving toward an economic system that is more favorable for international business.

Question

Social Studies

Cristal Chase

3 February, 15:17

Which of the following statements pertaining to changes in the global economy of the 21st century is true? Multiple Choice Barriers to the free flow of goods, services, and capital have increased. Volume of global output has been growing more rapidly than cross-border trade and investment. National economies are becoming more independent. The world is moving toward an economic system that is more favorable for international business.

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Answers (1)

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Virginia · Answer 1

The world is moving toward an economic system that is more favorable for international business.

Explanation:

The true statement pertaining to changes in the global economy of the 21st century is the world is moving toward an economic system that is more favorable for international business. In the economy of the 21st century's there came a change in globalization with the inclusion of the internet. Goods are reaching distant places. The internet reaches distant places from which goods can be bought. The virtual market is replacing the physical market.