Which of the Following Statements Is True of Global Economic

question 3

Multiple Choice

Which of the following statements is true of global economic integration?

• A) It leads to war among trading countries.
• B) It facilitates equal distribution of benefits.
• C) It stimulates the economic growth of countries.
• D) It allows discrimination among trading countries.

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Definitions:

Passive Income

Income resulting from rental property, limited partnerships, or other enterprises in which a person is not actively involved.

Personal/Rental Property

Property owned by an individual that may be used for personal enjoyment or rented out to generate income.

Flow-Through Entities

Business entities that pass income directly to owners or investors, avoiding corporate income tax.

LLCs

Limited Liability Companies, a flexible form of enterprise that blends elements of partnership and corporate structures.