Which explains a consequence of the rise of global virtual markets?
The growth of regional economies is limited to local resources.
Virtual shopping limits the product selection from which consumers may choose.
Regional economic growth often occurs as a result of globalization.
International trade has become stagnant due to open borders.
C?
C is the right answer
is that the right answer
C. Regional economic growth often occurs as a result of globalization.
Yes, the correct answer is C. Regional economic growth often occurs as a result of globalization. One way to arrive at this answer is by understanding the concept of global virtual markets and their impact on regional economies. Global virtual markets refer to online platforms that allow businesses and consumers to engage in international trade and commerce without physical boundaries.
With the rise of global virtual markets, businesses can expand their reach beyond their local resources and tap into international markets. This increased accessibility to global customers can lead to the growth of regional economies as businesses scale up and attract more investment and job opportunities.
Furthermore, the use of global virtual markets allows businesses to connect with suppliers and customers from all around the world, leading to increased trade volumes and economic activity. As a consequence, regional economic growth can occur as a result of the globalization facilitated by the rise of global virtual markets.
Therefore, option C is the best explanation for a consequence of the rise of global virtual markets.