How does globalization cause the foreign sector to influence the economy?
A. The foreign sector influences how services move between firms and households.
B. The foreign sector influences how imports and exports move between firms and households.
C. The foreign sector influences how factors of production move between firms and households.
D. The foreign sector influences how goods move between firms and households.
Answer (1)
Globalization impacts the economy through the foreign sector by facilitating the movement of imports, exports, goods, and factors of production. This interaction helps enhance consumer choices, increase competition, and promote economic growth. Understanding this influence is essential for grasping how global trade operates. ;
