🎓 GED Exam Prep

Which of the following is a primary characteristic and potential effect of increased globalization on national economies?

A Greater national self-sufficiency and reduced international trade
B Increased economic interdependence and easier flow of goods, services, and capital
C A decrease in cultural exchange and a rise in protectionist policies
D The establishment of a single global currency and universal tax laws

✓ Correct Answer: Option B

Globalization involves the increasing interconnectedness of countries through the movement of goods, services, capital, and information, leading to greater economic interdependence and integrated markets.

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