John Grey,a Critic of Thomas Friedman's Notion That the World

question 81

Multiple Choice

John Grey,a critic of Thomas Friedman's notion that the world is flat,argues that:

• A)Friedman downplays the role of race in understanding wealth and poverty.
• B)Friedman does not fully realize the potential of the internet to transform relationships among people.
• C)Friedman overstates the degree to which trade and communication promote peace and stability.
• D)Friedman does not understand the degree to which current conflicts express ancient ethnic hatreds.
• E)Friedman does not understand the degree to which the current world is the result of imperialism and colonialism.

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Definitions:

Capitalist Form

A socio-economic system characterized by private ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined mainly by competition in a free market.

Mixed Economy

An economic system combining private and public enterprise.

Private Sector

Refers to the part of the economy that is run by individuals and companies for profit and is not state controlled.

Public Sector

The part of the economy comprising government services and publicly operated enterprises, funded by taxation.