Which of the following statements does not accurately describe the impact of the global economy?

A) The world is increasingly arranged in regional economic blocks.
B) Government leaders in our global economy are concerned about the competitiveness of nations.
C) The national boundaries of business are disappearing.
D) Countries and peoples are increasingly interconnected.
E) There is less economic interdependence between nations.

Global Economy

The international network of economic activities, markets, and trade relationships between countries.

Economic Interdependence

The mutual reliance between two or more economies on each other for resources, technology, trade, or investment.

Regional Economic Blocks

Groups of countries located in the same geographic area that form alliances to facilitate economic trade, promote economic growth, and coordinate regulatory policies.