WBCS.LIVE practice question

What does the term ‘globalization’ refer to in economic geography?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. The process of local businesses expanding internationally
  2. The increasing interconnectedness and interdependence of economies worldwide
  3. The focus on local economic self-sufficiency
  4. The decline in international trade

Correct answer and explanation

Correct answer: The increasing interconnectedness and interdependence of economies worldwide