Choice "C" is correct. Globalization represents the increased dispersion and integration of the world's economies. Globalization is often objectively measured as the growth in world trade as a percentage of GDP.
Choice "a" is incorrect. Exchange rate velocity is not used to measure globalization.
Choice "d" is incorrect. Exports as a percentage of imports for a particular country will not provide a measure of globalization.
Choice "b" is incorrect. Shifts in global supply or demand could come as a result of domestic or international activity and are not used to measure globalization.
