Which of the Following Are Characteristics of the "World Economy

question 63

Multiple Choice

Which of the following are characteristics of the "world economy"?

• A) It is a multistate economic system.
• B) It was created in the late 15th and early 16th centuries.
• C) It includes a core of dominant countries.
• D) It is based on capitalism.
• E) all of the above

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Definitions:

Across-The-Board

A term referring to actions or changes that apply uniformly to everything or everyone within a certain context or organization.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets or to different customers.

Goods

Tangible products that are manufactured, produced, and offered for sale.

Quality

The measure of how a product or service either meets or surpasses the anticipations of customers.