Which of the Following Statements Is Not True

question 14

Multiple Choice

Which of the following statements is not true?

• A) America's economy is becoming much less American.
• B) A world economy and monetary system are emerging.
• C) Corporations in every corner of the globe are taking advantage of the opportunity to obtain customers globally.
• D) Markets are shifting slowly and in many cases diverging in tastes, trends, and prices.
• E) Innovative transport systems are accelerating the transfer of technology.

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Definitions:

Standard Of Living

The standard of living refers to the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Goods And Services

The outputs offered by businesses and the economy to satisfy individual or collective needs or wants.

Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Physical Capital

The stock of tangible, non-financial assets that are used in the production of goods and services, such as machinery and buildings.