The relationship between exports of goods and services and the gross domestic product of an economy shows the degree to which the economy relies on...
The relationship between exports of goods and services and the gross domestic product of an economy shows the degree to which the economy relies on external markets. Analyzing these data offers an interesting reflection on the scope of international economic globalization and the importance of local production. Which of the following statements is true according to the text?
A) The world economy is a single and globalized market. B) There is a globalized core of dynamic activities whose logic of operation is the world market. C) The majority of productive activities take place in local or national markets. A) False B) True C) True
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