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The global context

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Question 33

Which of the following is a key characteristic or consequence of the process of globalisation?

A decrease in the ratio of global trade to world gross domestic product (GDP\text{GDP}GDP)

A convergence in the prices of homogeneous goods across different national markets

An increase in the average tariff rates applied to imports by developing nations

A decrease in the share of global output produced by multinational corporations (MNCs\text{MNCs}MNCs)

The global context Questions

  1. A Level
  2. /Economics
  3. /The global context