Openness and change in the economic models of India and China have meant for the world economy all of the following EXCEPT
A) hundreds of millions of people have escaped poverty.
B) many manufactured goods and services have become cheaper.
C) forced some firms to downsize, offshore or otherwise change business practices.
D) increased the market power of firms in industrialized countries as they gained most from this evolving trade.
D
You might also like to view...
When private expenditures decrease as a result of increased government spending, this is known as
A) the multiplier effect. B) the stabilizer effect. C) government deficit spending. D) the crowding out effect.
Hoe does etiquette help in transaction of goods between two parties?
What is the relationship between a nation's monetary and fiscal policy and its exchange rate?
What will be an ideal response?
Property income generally takes the form of all of the following except
A. dividends. B. transfer payments. C. interest. D. profits.