According to the text, how has the global shift in economic growth occurred since 2000?
A. High economic growth has shifted from emerging nations to developing nations.
B. Emerging and developing nations have experienced negative economic growth rates while advanced nations have continued to experience high economic growth rates.
C. Economic growth has shifted downward for all nations in the world.
D. High economic growth has shifted from advanced nations to emerging nations.
Answer: D
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Risks faced by multinational corporations include
A) changes in exchange rates. B) restrictions on ownership. C) repatriation of funds. D) cultural and religious philosophies. E) All of the above
Assuming that chicken and beef are substitutes, a decrease in the price of beef, other things being equal, will:
a. decrease the demand for beef. b. increase the demand for chicken. c. decrease the demand for chicken. d. increase the demand for beef.
Which one of the following factors would increase the demand for oranges?
a. an increase in the price of grapefruit, a substitute product b. a reduction in the price of bananas, a substitute product c. development of a line of high-yield orange trees that are also more freeze resistant d. a decrease in consumer income
England can benefit from trade
a. only with nations that can produce goods England cannot produce. b. only with less developed nations. c. only with nations outside of Europe. d. with any nation.