Question
What is one of the downsides of increasing economic interdependence?
Responses
lower standard of living around the world
lower standard of living around the world
reduced tax revenues for all governments
reduced tax revenues for all governments
loss of control over the national economy
loss of control over the national economy
higher prices for goods and services
Responses
lower standard of living around the world
lower standard of living around the world
reduced tax revenues for all governments
reduced tax revenues for all governments
loss of control over the national economy
loss of control over the national economy
higher prices for goods and services
Answers
GPT-4o mini
One of the downsides of increasing economic interdependence is the **loss of control over the national economy**. As countries become more interconnected through trade and investment, they may find it more challenging to regulate their own economic policies and maintain sovereignty over their economic decisions. This can lead to vulnerabilities to external economic shocks and pressures from global markets.