Which explains a consequence of the rise of global virtual markets?
A) International trade has become stagnant due to open borders.
B) The growth of regional economies is limited to local resources.
C)Virtual shopping limits the product selection from which consumers may choose.
D) Regional economic growth often occurs as a result of globalization.
Is the answer B?
No, the correct answer is D) Regional economic growth often occurs as a result of globalization.
To arrive at this answer, let's break down each option:
A) International trade has become stagnant due to open borders: This option suggests that open borders have led to a decrease in international trade. However, the rise of global virtual markets actually facilitates and increases international trade by providing easier access to global markets.
C) Virtual shopping limits the product selection from which consumers may choose: This option implies that virtual shopping restricts the choices available to consumers. However, the rise of global virtual markets expands the range of products available to consumers by providing access to a wide variety of international sellers.
D) Regional economic growth often occurs as a result of globalization: This option acknowledges the positive influence of globalization on regional economic growth. The rise of global virtual markets allows businesses from different regions to reach new customers and expand their markets, contributing to regional economic growth.
Therefore, option D correctly explains a consequence of the rise of global virtual markets.