In the Context of Globalization, Which of the Following Statements

question 29

Multiple Choice

In the context of globalization, which of the following statements is true of research and development (R&D) ?

• A) Over the past decade, international companies have started spending less on R&D.
• B) Although R&D spending is increasing everywhere, it is decreasing most rapidly in Asia.
• C) In the United States, nearly 70 percent of R&D is funded by businesses.
• D) Over the past decade, international companies have moved their R&D from locations around the world back to their corporate headquarters.

---

Definitions:

Cost of Living

The total amount of money required to cover basic expenses such as housing, food, taxes, and healthcare in a certain place and time.

Utility Function

An equation representing a consumer's prioritization of various bundles of goods, thereby indicating their perceived benefit or welfare from those choices.

Consumption

The action of using up a resource or goods, often associated with the demand side of economics.

Income

Earnings received by an individual or business in exchange for work, services, or investments, typically measured over a certain period of time.