In Fortune's Annual List of the 500 Biggest Companies in the World,156

question 90

Multiple Choice

In Fortune's annual list of the 500 biggest companies in the world,156 firms were from emerging markets in 2015 compared to 18 in 1996,owing to

• A) the lower living standards throughout the world.
• B) traditional purchasing habits.
• C) a rapid rise in global capitalism.
• D) a divergence in world living standards.

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Definitions:

Utility Function

An economic model that describes how consumers rank different bundles of goods according to the level of satisfaction they provide.

Wealth

An abundance of valuable resources or material possessions, or the control of such assets.

Flood

A flood is an overflow of water that submerges land that is usually dry, often caused by heavy rain, melting snow, or dam failure, leading to potential damage and loss.

Von Neumann-Morgenstern

A theory of expected utility, which provides a method for making decisions based on the expected outcomes of various choices.