Thomas Friedman Argued That the Good of All Peoples Would

question 82

Multiple Choice

Thomas Friedman argued that the good of all peoples would be maximized if economic systems concentrated on all of the following except:

• A) development of social opportunities.
• B) privatization.
• C) continual economic growth.
• D) continued lowering of trade barriers between nations.
• E) reduction of government control of free markets.

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Definitions:

Risk-adjusted Returns

A calculation of the profit made from an investment adjusted for the risk taken, allowing for a more accurate comparison across different assets.

Small Firms

Small firms refer to businesses with a relatively smaller size or scale of operations, often characterized by limited revenue, assets, or number of employees compared to larger corporations.

Large Firms

Refers to companies with a high market capitalization, indicating their large size in terms of total asset value and overall market presence.

Reversal Effect

The tendency of poorly performing stocks and well-performing stocks in one period to experience reversals in following periods.