Which of the Following Has Most Contributed to the Globalization

question 72

Multiple Choice

Which of the following has most contributed to the globalization of the economy?

• A)the decreased importance of agriculture
• B)reductions in transportation and communication costs
• C)the shift toward a market economy in China
• D)tariffs and trade barriers
• E)the decline in the relative importance of manufacturing

Analyze the effectiveness of the War on Poverty and other government initiatives aimed at reducing poverty.

Understand means-tested income transfers and their implications for poverty reduction strategies.

Understand concepts of marginal tax rates and their implications on earned income.

Identify factors affecting income mobility and the importance of generational wealth transfer.

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Definitions:

Functional Currency

The main form of money in the principal economic setting where a business functions and produces cash flows.

Currency Exchange Rates

Exchange rates for currencies dictate how much one currency can be swapped for another, affecting international commerce and investment.

Operating Expense

Expenses incurred through normal business operations, such as rent, utilities, and payroll, excluding costs directly associated with production.

Remeasurement

The process of converting the financial statements of a foreign operation into the presentation currency of the reporting entity, often due to exchange rate changes.