Qatar earned the rank of first place in terms of gross domestic product because they
A) ignored the rise of the global village.
B) embraced the idea of many national markets.
C) were the last country to openly trade, thereby learning from the others.
D) took advantage of the world becoming one market.
E) did not showcase themselves allowing them to rise without notice.

Question

Quizplus · Accepted Answer

In terms of gross domestic product per capita (the total value of all goods and services produced in the country divided by the population), the International Monetary Fund's annual ranking for 2017 puts the United States at No. 12 in the world, behind San Marino, Hong Kong, Switzerland, United Arab Emirates, Kuwait, Norway, Ireland, Brunei, Singapore, Luxembourg, and in first place, Qatar. There are many reasons the winners on these lists achieved their status, but one thing is clear: They didn't do it all by themselves; other countries were involved. We are living in a world being rapidly changed by globalization-the trend of the world economy toward becoming a more interdependent system. Time and distance, which have been under assault for 150 years, have now virtually collapsed, as reflected in three important developments:
1. The rise of the "global village" and electronic commerce.
2. The world's becoming one market instead of many national ones.
3. The rise of both megafirms and Internet-enabled minifirms worldwide.

Qatar Earned the Rank of First Place in Terms of Gross