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:

Prejudice

Preconceived opinions or judgments about individuals or groups that are not based on reason or actual experience, often manifesting as discrimination or bias.

Multiculturalism Policy

A policy approach that recognizes, values, and promotes the cultural diversity within a society and encourages the retention of cultural identity among its members.

Canada

A country in North America known for its vast landscapes, multicultural society, and bilingual status with English and French as official languages.

Ethnic Entrepreneur

An individual who creates and operates a business venture, leveraging cultural knowledge and networks within their ethnic or immigrant community for success.