Which of the Following Statements Is Not True

question 48

Multiple Choice

Which of the following statements is not true?

• A)Many Fortune 500 U.S.firms derive more than half their revenues from foreign operations.
• B)Most PCs manufactured in China use microprocessor chips manufactured in Korea.
• C)Eighty percent of the toys sold in the United States are manufactured in China.
• D)In 2015,60 percent of Apple's revenue was generated outside of the United States.
• E)Technology companies are particularly dependent on offshore revenue.

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Definitions:

Opportunity Cost

The economic consequence of bypassing the immediate superior alternative in decision-making.

Labor Force

The total number of people employed or actively seeking employment within an economy.

Yield Per Acre

The amount of a particular crop produced on one acre of land, measuring agricultural productivity.

Corn

A cereal plant that yields large grains, or kernels, set in rows on a cob, widely grown for food, livestock feed, and biofuel.