Question

Which of the following is an example of economic globalization?

Answer 1

The correct answer is D. A Japanese store selling tea and spices from South Asia.

Explanation

The global economy is a concept that refers to the liberation of the international market, that is, to the agreements and treaties that exist between countries so that it is increasingly easier to trade products from one country in another. This has become important in recent times because many countries and producing companies have found new markets to sell their products in other countries and continents. Therefore, affirming that an example of a globalized economy is that a Japanese store sells tea and spices from South Asia because these have a different origin than the country where they are being sold. So the correct answer is D.