Which situation best illustrates globalization's effect on an economy?A.A Brazilian doctor develops a cure for a dangerous disease.B.A Vietnamese rancher sells beef to local restaurants at a high price.C.A French grocery store buys most of its vegetables from China.D.A Ghanaian artist creates valuable paintings of his home country.
Question
Which situation best illustrates globalization's effect on an economy?A.A Brazilian doctor develops a cure for a dangerous disease.B.A Vietnamese rancher sells beef to local restaurants at a high price.C.A French grocery store buys most of its vegetables from China.D.A Ghanaian artist creates valuable paintings of his home country.
Solution
The situation that best illustrates globalization's effect on an economy is C. A French grocery store buys most of its vegetables from China. This is because globalization involves the integration of economies around the world, and this is clearly shown in this situation where a French grocery store is sourcing its products from China, thus indicating international trade.
Similar Questions
Which situation best illustrates globalization's effect on an economy?A.A U.S. software company develops a smartphone with an improved camera.B.A construction worker in Germany builds a new skyscraper near his home city.C.An Italian baker sells cakes to local families for many special occasions.D.A factory in Mexico makes toys that are sold mostly in Asia.
One of the major positive effects of globalization is:A.faster spread of technology and ideas around the world.B.decreased environmental damage from burning fossil fuels.C.less economic competition between different countries.D.businesses choosing to hire more workers in their own countries.
What are some effects on the global economy due to globalization.
Since the mid-20th century, globalization has resulted in:A.a decline in trade between countries on different continents.B.significant improvements to the environment in most countries.C.economies around the world becoming more connected.D.rapid inflation that has devastated most world economies.
What is a major advantage of globalization?A.Economies around the world no longer have to deal with inflation.B.Fewer companies are creating pollution by shipping goods long distances.C.Businesses are able to sell products to customers around the world.D.Consumers are able to support their local economies more easily.
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