Although the characteristics of the global economy have changed dramatically over the past 50 years,as late as the 1960s all of the following demographic characteristics were true except:
A) the U.S. dominated the world economy
B) small, U.S. entrepreneurial firms dominated the international business scene
C) the U.S. dominated the world foreign direct investment picture
D) the U.S. was the world's largest industrial power
E) the U.S. dominated world trade

Question

Quizplus · Accepted Answer

During the 1960s, large multinational corporations dominated the international business scene rather than small entrepreneurial firms.

Although the Characteristics of the Global Economy Have Changed Dramatically