Which Statement Reflects the Changing Demographics of the Global Economy

question 56

Multiple Choice

Which statement reflects the changing demographics of the global economy?

• A) U.S. dominance in export markets has waned as Japan, Germany, and a number of newly industrialized countries have taken a larger share of world exports.
• B) The change in the position of the United States in terms of the share of world output is the result of the absolute decline in the health of the U.S. economy.
• C) From 1960 to 2010, countries that experienced a large decrease in their share of world output include Japan, Thailand, Malaysia, Taiwan, and South Korea.
• D) The United States is the only developed nation to see its relative standing in the share of world output slip.
• E) Today, roughly half the globe-the centrally planned economies of the communist world-is off-limits to Western international businesses.

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Definitions:

Desired Sales

The target amount of sales that a company aims to achieve within a specific period.

Analyzing Alternatives

The process of assessing a variety of options in decision-making, to determine which alternative best suits the objectives and desired outcomes.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Anticipate Problems

The ability to foresee potential issues or obstacles in advance and prepare to address them.