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What does the term "Economic Interdependence" mean?

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Question

What does the term "Economic Interdependence" mean?

Options

  • Nations depend on each other economically worldwide

  • Countries work independently without reliance

  • Each country only trades internally

  • Decrease in global trade

MCQ
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Solution

Nations depend on each other economically worldwide

Explanation:

Globalisation fosters economic reliance among nations.

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