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 affects the foreign sector by influencing how imports and exports move between firms and households. This interaction can lead to increased access to goods, changes in job markets, and sensitive shifts in the economy. Ultimately, the foreign sector is essential in determining the dynamics of trade and production within a globalized economy. ;
