Journalist Thomas Friedman's Description of the World as "Flat" Refers

question 73

Multiple Choice

Journalist Thomas Friedman's description of the world as "flat" refers to the:

• A) flattening of economic and cultural advantages of developed countries.
• B) use of the Internet and technology for instantaneous communication.
• C) reduction in travel times and the ubiquity of global exchange and travel.
• D) growth of globalization.
• E) increased use of global currencies.

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Definitions:

Fixed Returns

Refers to the predetermined earnings from an investment, typically associated with bonds or other fixed-income investments, which provide regular interest payments.

Variable Returns

Variable returns refer to earnings from an investment that are not fixed and can vary greatly over time, often seen in stocks, bonds, and mutual funds due to market conditions.

Insurance Companies

Businesses that provide coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments.

Lifetime Annuity

An insurance product that provides the holder with guaranteed income for the rest of their life.