Which of the following is most likely to be observed in today’s global

QUESTION

Which of the following is most likely to be observed in today’s global economy?

A. Increasing U.S. share of world output

B. Large U.S. entrepreneurial firms dominating the international business scene

C. Increasing U.S. dominance in the world economy and world trade picture

D. Most of the nations being governed by centrally planned economies of the communist world

E. Rapid rise in the share of world output accounted for by developing nations such as China and India

ANSWER

E
As emerging economies such as China, India, and Brazil continue to grow, a further relative decline in the share of world output and world exports accounted for by the United States and other long-established developed nations seems likely.