Openness and Change in the Economic Models of India and China

question 55

Multiple Choice

Openness and change in the economic models of India and China have meant for the world economy all of the following EXCEPT

• A)hundreds of millions of people have escaped poverty.
• B)many manufactured goods and services have become cheaper.
• C)forced some firms to downsize, offshore or otherwise change business practices.
• D)increased the market power of firms in industrialized countries as they gained most from this evolving trade.

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Consolidated Omnibus Budget Reconciliation Act

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