QUESTION IMAGE
Question
multiple choice question
what is the global economy?
○ the connection of workers in a single international union
○ various national economies acting as a single market
○ the elimination of national borders
○ the strict separation of the economies of different nations
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The global economy refers to the interconnected system of national economies that function in an integrated, interdependent way, acting like a unified market for goods, services, and capital. The other options are incorrect: worker unions are a small part of labor systems, not the global economy; national borders still exist; and the global economy is about connection, not separation of national economies.
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Various national economies acting as a single market