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1.1.2 Quiz: The Nature of Business and Marketing
Question 3 of 10
Which of these elements contributes toward globalization of the eco
A. Import duties and tariffs
B. Opportunity costs
C. Anti-immigration policies



Answer :

GinnyAnswer

Final answer:

Factors like reduced trade barriers, international agreements, and government policies impact globalization and trade restrictions.


Explanation:

Globalization of the economy is influenced by various factors such as reduction in tariffs, quotas, and trade barriers, which make people more aware of products worldwide. Additionally, international agreements act as a counterbalance to protect against protectionist measures. Governments may place restrictions on imports to safeguard national interests like businesses, jobs, or security.


Learn more about Globalization and trade restrictions here:

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