The Global Distribution of Wealth Is Referred to as a "Champagne

question 82

Multiple Choice

The global distribution of wealth is referred to as a "champagne glass distribution" because:

• A) in the global economy, the best workers, products, and innovations bubble to the top.
• B) only a few people are able to afford the expensive luxury items that are popular in the global economy.
• C) the top 5 percent of global adults own more than one-third of the world's wealth.
• D) the economy is fragile and could shatter at any time.

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Definitions:

New Economy

Refers to the shift from traditional manufacturing and industry-based economies to an economy focused on technology, digital services, and information.

Virtual Workforce

A group of individuals who work remotely, often from various geographical locations, connected via technology.

Drawbacks

Disadvantages or negative aspects associated with a decision, action, or product.

Virtual Workforce

Employees or contractors who work remotely, using technology to perform their duties outside of a traditional office environment.