Which of the Following Statements About South Africa's Post-1994 Reintegration

question 28

Multiple Choice

Which of the following statements about South Africa's post-1994 reintegration into the world economy is NOT true?

• A) It has resulted in deep and lasting economic disruptions, just as we see in the post-communist transitions in Eastern Europe.
• B) It has prompted an outflow of South African investment to other countries.
• C) It has led to increased trade with other African countries.
• D) WTO-mandated tariff reductions initially led to heavy job losses in the textile and clothing industries.
• E) Although initially having a negative impact, reintegration has generally been beneficial, leading to a stronger economy.

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Definitions:

Increase Owner's Equity

An action or event that enhances the net worth of a business as reflected in capital or owner's investment.

Decrease Assets

A reduction in the total value or amount of economic resources owned or controlled by an entity.

Owner's Equity

The residual interest in the assets of an entity that remains after deducting its liabilities, reflecting the ownership interest in the company.

Cash

Currency and other liquid instruments that are used to conduct transactions or settle debts.