Which of the Following Statements Is True About the Changing

question 84

Multiple Choice

Which of the following statements is true about the changing demographics of the global economy?

• A) U.S. dominance in export markets has waned as Japan, Germany, and a number of newly industrialized countries have taken a larger share of world exports.
• B) The change in the position of the U.S. in terms of the share of world output is the result of the absolute decline in the health of the U.S. economy.
• C) From 1960 to 2010, countries that experienced a large decrease in their share of world output include Japan, Thailand, Malaysia, Taiwan, and South Korea.
• D) The United States is the only developed nation to see its relative standing in the share of world output slip.
• E) Today, roughly half the globe-the centrally planned economies of the communist world-is off-limits to Western international businesses.

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Definitions:

Computer-Consulting

A service field that provides expert advice and solutions in information technology to businesses and individuals.

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A measure of the dispersion or spread of a set of data points, reflecting how much the data points differ from the mean.

Binomial Experiment

A statistical experiment that fits the binomial distribution; characterized by having a fixed number of trials, distinct outcomes (success or failure), independence, and constant probability of success.

Variance

A measure of the dispersion or spread of a set of values, indicating how much they differ from the average of the set.