Which of the Following Statements Is a Good Prediction of Future

question 77

Multiple Choice

Which of the following statements is a good prediction of future occurrences in global markets?

• A) Fortunately, safety issues will become less of a concern as developing nations begin to participate in global trade at a faster pace.
• B) It is doubtful that service and technical jobs such as accounting, legal representation, or financial management will become part of offshore outsourcing.
• C) China will continue to be the only viable global trader in Asia for several years to come.
• D) With the strong growth in technical talent globally, offshore outsourcing should continue to increase.

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Definitions:

Seller Surplus

The difference between the actual selling price of a good and the seller's minimum acceptable price.

Market Distortions

Economic situations caused by inefficiencies or interventions that lead to prices not reflecting true supply and demand.

Wealth Creating

Wealth creating refers to the process or actions that contribute to generating financial profit or increasing economic value for individuals, businesses, or economies.

Creates Wealth

The process of generating assets and increasing the economic value for an individual, community, or country.