Which of the Following, If True, Would Most Strongly Support

question 5

Multiple Choice

Which of the following, if true, would most strongly support the claim that national prosperity is increased by participation in international business?

• A)Countries that participate in international trade have higher GDP per capita than non-participating countries.
• B)Individuals in advanced economies tend to set purchasing trends for consumers worldwide.
• C)For most countries, levels of international trade have increased significantly in recent decades.
• D)National literacy levels are strongly correlated with a country's degree of political freedom.

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Definitions:

Capital Account

In economics, part of a nation's balance of payments that records all transactions involving the purchase and sale of assets such as stocks, bonds, and real estate.

Financial Accounts

Records that track the financial activities and situation of an entity, including assets, liabilities, equity, income, and expenses.

Surplus

The amount by which the quantity of a good or service supplied exceeds the quantity demanded at a specific price.

Net Investment Income

The total income received from investment assets, such as dividends, interest, and rental income, minus expenses related to the investment.