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AssignmentMultiple Choice

America and the Global Economy

Question 1 • TX-US History Studies Since 1877 B-Credit Recovery Summer School

Which of the following is the best definition of globalization?

Answer
A
the growing interconnection of the world’s many economies
B
the growing domination of the world economy by the United States
C
the growing loss of economic power by the United States

Explanation

Globalization is the growing connection and interdependence among countries, including through trade, investment, and the movement of goods and services. Choice A, “the growing interconnection of the world’s many economies,” captures this idea. It does not mean that one country necessarily dominates or loses economic power.

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