Which of the Following Is an Indication of the Increased

question 64

Multiple Choice

Which of the following is an indication of the increased globalization of business since the end of World War II?

• A)Foreign trade has largely replaced foreign ownership as a means of conducting international business.
• B)World trade has grown more rapidly than world production.
• C)Globally, consumers now depend on foreign output for more than half their consumption.
• D)Countries have increased their import restrictions to counter the rising tide of imports.

Analyze the impact of product differentiation on market power and consumer choice.

Appreciate the implications of short-run and long-run equilibriums on profits in monopolistic competition.

Understand the profitability analysis for firms in monopolistically competitive markets.

Identify the conditions for profit maximization in different competitive environments.

---

Definitions:

Home Security Division

A specialized segment within a company that focuses on products and services related to securing homes from intruders, fire, and other dangers.

Transfer Price

The cost at which products or services are exchanged between divisions within the same organization or among affiliated companies.

Transmission Division

A segment within a company or industry that specializes in the development, production, and maintenance of transmission systems.

Return On Investment (ROI)

A financial metric that calculates the profitability of an investment by dividing the profit gained from an investment by its cost.