The World Bank Tracked the Performance of Countries That Had

question 6

Multiple Choice

The World Bank tracked the performance of countries that had undergone varying degrees of globalization since the 1960s.Which of the following was a conclusion of the study?

• A)The process of globalization widened the gap between rich countries and poor countries.
• B)The growth rates of globalizing countries were higher than the growth rates of nonglobalizers.
• C)The fraction of the very poor increased in newly globalized economies.
• D)Globalization increased income inequality.
• E)Poverty increased in newly globalized countries.

---

Definitions:

Periodic Inventory System

An inventory accounting system where updates are made on a periodic basis rather than continuously.

Condensed Income Statements

Simplified financial statements that present a summary of a company's revenue, expenses, and profitability over a particular period.

Merchandising Companies

Companies that purchase goods in a finished condition and resell them at a profit without further processing.

Operating Cycles

Operating cycles refer to the average period of time it takes for a business to convert its inventory to sales revenue and then to cash.