America and the Global Economy Answers

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Which of the following is the best definition of globalization?

the growing interconnection of the world’s many economies

the growing domination of the world economy by the United States

the growing loss of economic power by the United States

Which of the following best explains why the pace of globalization has increased dramatically in recent years?Check all of the boxes that apply.

People have increased their demand for foreign goods.

Technology has greatly enhanced the ability to share information around the world.

The world’s poorer nations have joined together to demand a greater role in the world economy.

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