Which of the Following Statements Is NOT True

question 116

Multiple Choice

Which of the following statements is NOT true?

• A) America's economy is becoming much less American.
• B) A world economy and monetary system are emerging.
• C) Corporations in every corner of the globe are taking advantage of the opportunity to obtain customers globally.
• D) Markets are shifting slowly and in many cases diverging in tastes, trends, and prices.
• E) Innovative transport systems are accelerating the transfer of technology.

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Definitions:

Capitalism

An economic system based on private ownership of the means of production and their operation for profit, characterized by free markets, the accumulation of capital, and competition.

Norman Angell

British journalist, author, and Nobel Peace Prize laureate, best known for his work "The Great Illusion," which argued that the economic interdependence of nations would make war futile.