This chapter's "Focus on Globalization" section discusses economic globalization. Which of the following is an outcome of our twenty-first century global economy?
A. Economic functions are now locally controlled.
B. With increasing globalization there is increased face-to-face contact in economic transactions.
C. Foreigners now finance only a small percentage of the U.S. national debt.
D. American companies are withdrawing from foreign markets.
E. Modern-day transnational finance has shifted economic control of local life to outsiders.
Answer: E
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