As the Term "Global" Become "Local", and as We See

question 91

Multiple Choice

As the term "global" become "local", and as we see more opportunities to compete in the global market,

• A) the long-term trend is for most nations to operate as mixed economies.
• B) disagreements about the best economic system to embrace will cause many nations to close their doors to outside commerce.
• C) the only industries that governments will want to own are the ones that are profitable.
• D) the forecast is for socialist nations to trend toward communism (Cuba is the example) and for capitalist nations to trend toward socialism.

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Definitions:

Accounts Receivable Ledger

A subsidiary ledger that records and monitors transactions related to the amounts owed by customers who have purchased goods or services on credit.