Which of the Following Best Explains Why International Business Has

question 87

Multiple Choice

Which of the following best explains why international business has grown rapidly in the past few decades?

• A)the end of the political division between the Communist and non-Communist blocs
• B)greater income equality in most countries
• C)growing concern about climate change
• D)increased concerns about terrorism

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Definitions:

Output

The total amount of goods or services produced by an individual, firm, or country over a specific period.

Marginal Product

The additional output that is produced by using one more unit of a particular input, while keeping other inputs constant.

Worker

An individual who performs labour for a company or another person in exchange for compensation.

Diminishing Returns

A rule that implies that after reaching a certain threshold, the profit rate from investing more into a specific sector won't keep rising unless there are changes in other contributing factors.