Which of the Following Is an Indication of the Increased

question 64

Multiple Choice

Which of the following is an indication of the increased globalization of business since the end of World War II?

• A)Foreign trade has largely replaced foreign ownership as a means of conducting international business.
• B)World trade has grown more rapidly than world production.
• C)Globally, consumers now depend on foreign output for more than half their consumption.
• D)Countries have increased their import restrictions to counter the rising tide of imports.

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Definitions:

Deduction

An analytical method where a final judgment is derived from the alignment of several assumptions considered to be accurate.

Hypothesis Testing

A statistical method used to determine the likelihood that a hypothesis about a phenomenon is true based on sample data.

Statistical Analysis

The process of collecting, examining, interpreting, and presenting numerical data to discover underlying patterns and trends.

Hypothesis Development

The process of formulating a testable statement based on existing knowledge, which can then be empirically investigated through research.