C. Foreign transitional economies generate more global interdependence. This creates stable prices through market competition on a global scale and the reliance on foreign goods.
Foreign transitional economies can have a significant impact on the United States by increasing global interdependence. This can lead to stable prices through market competition on a global scale and a reliance on foreign goods. As foreign economies transition to market economies, they become more integrated into the global economy, which can have both positive and negative effects on the United States. On one hand, increased competition from foreign markets can drive down prices and provide consumers with more choices. On the other hand, reliance on foreign goods can make the United States more vulnerable to fluctuations in the global economy. Overall, foreign transitional economies can have a complex and multifaceted impact on the United States.
What effect do foreign transitional economies have on the United States? Explain.
A. Foreign transitional economies generate more independence for each nation in the global economy. This is because, as a nation develops a "home" in the global economy, it gives rise to more economic isolation.
B. Foreign transitional economies generate more independence for each nation in the global economy. As each economy transitions to a market economy, they become more and more self-sufficient.
C. Foreign transitional economies generate more global interdependence. This creates stable prices through market competition on a global scale and the reliance on foreign goods.
D. Foreign transitional economies generate more global interdependence. This leads to ever changing pricing in the global market due to competition as well as a reliance on foreign goods.
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