Which of the Following Presents the Correct Picture of the Outcome

question 44

Multiple Choice

Which of the following presents the correct picture of the outcome of increased world trade after the 1950s, contrary to Servan-Schreiber's prediction?

• A) Third World countries were excluded from this economic growth leading to stark imbalances in wealth.
• B) The European Union became the center of world trade, taking the position away from the U.S.
• C) The U.S. attained a positive balance of trade scenario in the 1950s and maintained it continuously till the Great Recession.
• D) Economic power and potential became more evenly distributed among the countries of the world.
• E) SDRs and gold lost their utility as the basic medium of financial exchange and most monetary statistics started relating to the U.S dollar.

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Definitions:

Family Myths

Unquestioned beliefs or fabricated narratives within a family that shape the family's identity and behavior but may not be based on facts.

Self-Sufficient

The ability of an individual, community, or country to provide for all their needs without external assistance.

Married Couples

Two individuals who have entered into a matrimonial bond recognized legally, socially, or ceremonially.

Residency Patterns

The arrangements or customs regarding where individuals or nuclear families reside, which can vary widely across cultures, including matrilocal, patrilocal, and neolocal practices.