Which of the Following Does NOT Characterize International Trade in the Past

question 44

Multiple Choice

Which of the following does NOT characterize international trade in the past 30 years?

• A) The number of multinational corporations has more than doubled.
• B) Over 40 percent of the largest economies in the world are corporations.
• C) Trade value of products and services grew even during the recession.
• D) U.S. companies have long been successful at international marketing.
• E) Home markets are just as rich in opportunity as foreign markets.

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Definitions:

Average Total Cost

This is calculated by dividing the total cost of production by the total number of units produced, showing the average cost per unit.

Marginal Revenue

The additional income received from selling one more unit of a product or service.

Economic Profit

The surplus remaining after accounting for both explicit and implicit costs from total revenues.

Monopolistically Competitive

A market structure in which many companies sell products that are similar but not identical, allowing for competition based on product differentiation.