Which Statement Reflects the Changing Demographics of the Global Economy

question 56

Multiple Choice

Which statement reflects 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 United States 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:

Assignment Effective

The point in time when a contractual assignment of rights or interests from one party to another becomes valid and enforceable.

Obligor

A person or entity legally obligated to provide a payment or service to another under the terms of a contract.

English Rule

A legal principle requiring the losing party in a lawsuit to pay the winner's attorney fees and court costs.

First-Assignment-In-Time Rule

A legal principle that prioritizes the rights of the party that first received a property transfer or assignment over those of subsequent recipients.