Question

select all that apply
select all of the factors that led to the creation of the global economy.
□ technological advancements
□ the proliferation tariffs and trade regulations
□ an increase in free trade
□ economic deregulation
□ a rise in multinational corporations

Explanation:

• Technological advancements reduced barriers to global communication and transportation, enabling cross-border economic activity.
• Proliferation of tariffs/trade regulations restricts trade, so it did not foster the global economy.
• Increased free trade removes barriers, allowing goods/services to flow across borders, supporting global economic integration.
• Economic deregulation reduces government restrictions, making cross-border economic activity easier.
• Rise of multinational corporations expanded production, trade, and investment across countries, driving global economy growth.

Answer:

• Technological advancements
• An increase in free trade
• Economic deregulation
• A rise in multinational corporations