Which of the Following Does NOT Characterize International Trade in the Past

question 56

Multiple Choice

Which of the following does NOT characterize international trade in the past 30 years?

• A) The number of multinational corporations has more than doubled.
• B) Half the largest economies in the world are corporations.
• C) Trade value of products and services grew even during the recession.
• D) U.S. companies have long been successful at international marketing.
• E) Home markets are just as rich in opportunity as foreign markets.

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Definitions:

Net Domestic Product

The sum of the market value of all domestically produced goods and services in a country during a given time period, subtracting the loss in value from depreciation.

Indirect Business Taxes

Taxes levied on the production, sale, or consumption of goods and services, such as sales tax or value-added tax (VAT), indirectly paid by consumers.

Direct Taxes

Taxes that are levied directly on the income or wealth of an individual or organization, such as income tax and property tax.

Per Capita Real GDP

This is a measure of the average economic output per person, adjusted for inflation, in a specific area.