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Question
which statements describe the influence of globalization on most economies? check all that apply. most countries are increasingly specializing production. most countries are becoming more interdependent. most countries are experiencing unchanging amounts of exports and imports. most countries are increasingly influenced by the foreign sector. most countries are relying less and less on international trade.
Globalization leads to countries specializing in production based on their comparative - advantages, increasing interdependence as they trade more. Also, the foreign sector has a growing influence on domestic economies. Exports and imports are not static but change with globalization, and countries rely more, not less, on international trade.
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- Most countries are increasingly specializing production.
- Most countries are becoming more interdependent.
- Most countries are increasingly influenced by the foreign sector.