Which of the Following Statements About the Growth (Or Lack

question 19

Multiple Choice

Which of the following statements about the growth (or lack of growth) of globalization is accurate?

• A) All international trade only accounts for about 25 percent of global GDP.
• B) Developing countries still constitute less than a quarter of world GDP when measured by purchasing power parity.
• C) Despite predictions to the contrary, global inequality has remained steady or grown slightly over the last three decades.
• D) Globalization has largely ended the need for concentration of tech development in single locations like Silicon Valley.

---

Definitions:

Price Ceiling

A government-imposed limit on how high a price can be charged for a product or service, aimed at preventing prices from reaching levels deemed too high for consumers.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level, at a specific time.

Black Market

An illegal market where goods or services are traded without compliance with legal requirements, often including the sale of illicit goods.

Illegal Trading

Unlawful transactions of goods or services that may involve insider trading, market manipulation, or trading of illegal items.