Question

Which of the following is used as a criterion (measure) for judging the degree of international economic integration of an economy?

i. Trade flows across borders
ii. capital flows across borders
iii. similarity of prices in separate markets
iv. people flows across borders

Answer 1

i. Trade flows across borders

Step-by-step explanation:

The international economic inegration of a region is measured by how much trade flows accros borders from and into a certain country, the ideal would be a global free trade agreement among all nations but we know that is virtually impossible, so the criteria used to measure this is the trade flows across borders, because this means that that economy has been integrated into the global market.