Question

1. \globalization... has manifested itself in the interdependence of financial markets, the increasing role of multinational corporations (mncs), the transfer of technology, the increasing dependence of domestic markets on foreign trade, and the necessary interdependence of monetary, fiscal, and regulatory policy.\

adopted from \globalization, offshoring, and multinational companies: what are the questions and how well are we doing in answering them?\ presented by ralph kozlow, u.s. bureau of economic analysis, january 6, 2006
based on the text, what has been a primary outcome of globalization? e.4.1
a. the creation of stronger protectionist policies to ensure the strength of domestic trade
b. the strong association between international economic policy, technology, and trade
c. the movement of countries toward a common currency

1. \in addition, international trade helps u.s. households’ budgets go further. because our trading partners also specialize in the goods and services for which they are relatively more productive, the prices of those goods and services in the united states are lower than if we could only consume what we produce. trade also offers a much greater diversity of consumption opportunities, from year - round fresh fruit to affordable clothing.\

\the economic benefits of u.s. trade,\ 2015
the white house
based on the text, what is the primary goal of trade specialization and interdependence? e.4.1
a. to increase the variety of goods each country produces, while making prices high for consumers
b. to maximize each country’s productivity strengths, while lowering prices on what they import
c. to encourage countries to produce only what they need, while increasing prices on exports

Explanation:

For question 28: The text lists globalization's manifestations as financial market interdependence, multinational corporations, technology transfer, domestic market reliance on foreign trade, and linked monetary/fiscal/regulatory policies. Option b directly reflects this interconnectedness of economic policy, technology, and trade, while the other options are not supported.
For question 29: The text states trading partners specialize in goods/services where they are more productive, leading to lower prices for U.S. consumers and more consumption diversity. Option b aligns with this, as it focuses on leveraging productivity strengths and reducing import prices, while the other options contradict the text's claims about prices and production goals.

Answer:

1. b. The strong association between international economic policy, technology, and trade
2. b. To maximize each country's productivity strengths, while lowering prices on what they import