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.

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Definitions:

Variable Costs

Costs that vary directly with the level of production or service activity, such as materials and labor.

Repetitive Focus

A strategy in manufacturing that emphasizes the repeated production of the same products or a narrow range of products efficiently.

Modules

Parts or components of a product previously prepared, often in a continuous process.

Standardized Product

A product that is manufactured in a consistent, unchanged manner to ensure it meets specified criteria and quality.