Which of the following statements reflects the nature of the global ec

QUESTION

Which of the following statements reflects the nature of the global economy of the twenty-first century?

A. National economies are becoming less integrated into a single and interdependent economic system.

B. The number of nations joining the ranks of the developed world has reduced.

C. Countries have extensively adopted liberal economic policies.

D. There are fewer instances of state-owned businesses privatized and markets being opened to more competition.

E. The world is currently moving toward an economic system that is more unfavorable for international business.

ANSWER

C
The move toward a global economy has been strengthened by the widespread adoption of liberal economic policies by countries that had firmly opposed them for two generations or more.