Which of the Following Statements Is True

question 67

Multiple Choice

Which of the following statements is true?

• A)World trade as a fraction of world GDP is much less than it was at the end of the 19th century.
• B)War decreases the pace of globalization.
• C)Large countries such as the U.S. , Russia, and Japan have high scores in economic integration when measured against the criteria of Foreign Policy magazine.
• D)Poor countries tend to have high scores in the personal contact area when measured against the criteria of Foreign Policy magazine.
• E)The U.S.increased its international investments after the September 11 attacks to revive their economy.

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Definitions:

Teddy Bears

Soft, plush toys in the form of bears, often given as a comfort object for children and as gifts of affection for holidays or special occasions.

Producer Price Index

An economic indicator that measures the average changes in prices received by domestic producers for their output, which is a signal of future consumer price movements.

Basket of Goods

A selected set of products and services used to track inflation and the cost of living through tools like the Consumer Price Index.

Consumer Price Index

An index measuring the variation in prices paid by typical consumers for retail goods and other items, indicating the cost of living.