Answer the following statements true (T) or false (F)
1. The term global village refers to the tendency for various cultural groups to cluster in small pods throughout the world.
2. E-commerce refers to the buying and selling of products and services through computer networks.
3. The global economy refers to the heightened economic regulation of many national markets as they protect themselves from one another.
4. The global economy refers to worldwide conditions by which goods, people, and money can move more freely.
1. FALSE
The global village refers to the shrinking of time and space as air travel and the electronic media have made it easier for the people of the globe to communicate with one another.
2. TRUE
E-commerce, or electronic commerce, is the buying and selling of products and services through computer networks.
3. FALSE
In the late 1980s, the trend toward governments deregulating their economies began sweeping the globe. This is one of three events that set up conditions by which goods, people, and money could move more freely throughout the world, or a global economy. The global economy refers to the increasing tendency of the economies of the world to interact with one another as one market instead of many national markets.
4. TRUE
By the late 1980s, there were several events that set up conditions by which goods, people, and money could move more freely throughout the world, or a global economy. The global economy refers to the increasing tendency of the economies of the world to interact with one another as one market instead of many national markets.
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Indicate whether the statement is true or false
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