Which of the Following Countries Ranked Highest in the World

question 4

Multiple Choice

Which of the following countries ranked highest in the World Economic Forum's Global Competitiveness Ranking in 2012-13?

• A) Japan
• B) Switzerland
• C) Germany
• D) The U.S.

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Definitions:

Domestic Saving

The part of a nation's income that is not spent on consumption or government expenditure, and is instead saved or invested domestically.

Domestic Investment

Investments within a country's borders by both the public and private sectors, contributing to the nation's overall economic growth.

Open Economies

refers to countries or markets that engage in free trade with other countries, allowing goods, services, and capital to move across borders with minimal restrictions.

Closed Economies

Economies that do not engage in international trade, relying solely on domestic production for all of their goods and services.