Home › Bihar Board Class 12 (Commerce) › Business Studies › International Business › Which is one of two macro factors driving global…
Which is one of two macro factors driving globalization?
AStricter currency controls
BElimination of trade barriers
CClosed national borders
DRising import tariffs
Answer & Solution
Correct answer: B. Elimination of trade barriers
Removal of barriers to the free flow of goods, services and capital, plus technology, drives globalization.
Related questions
Two firms pooling resources to form a separate jointly owned entity create what?What is the business practice of licensing a business model to another company?Compared with domestic trade, international trade is typically what?The exchange of capital, goods and services across borders is called what?What are documents called that do not comply with the terms of a letter of credit?Which payment tool gives an exporter a guarantee from a creditworthy bank?Mercantilists believed that accumulating what made a country wealthier?In which balance of payments account are exports and imports recorded?