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.

---

Definitions:

Mum Effect

The reluctance to communicate unfavorable news or feedback, often to avoid discomfort or conflict.

Voice

The expression of opinions or the ability to express one's thoughts and concerns in an organization or group setting.

Voice

The ability or opportunity to express opinions, concerns, or suggestions in order to influence decisions within an organization or group.

Silence

The absence of sound or the state of being quiet; can also imply non-communication or refusal to speak in the context of social interactions.