Which of the following statements is true about the changing demographics of the global economy?
A) U.S. dominance in export markets has waned as Japan, Germany, and a number of newly industrialized countries have taken a larger share of world exports.
B) The change in the position of the U.S. in terms of the share of world output is the result of the absolute decline in the health of the U.S. economy.
C) From 1960 to 2010, countries that experienced a large decrease in their share of world output include Japan, Thailand, Malaysia, Taiwan, and South Korea.
D) The United States is the only developed nation to see its relative standing in the share of world output slip.
E) Today, roughly half the globe-the centrally planned economies of the communist world-is off-limits to Western international businesses.

Question

Quizplus · Accepted Answer

This statement is true as the U.S. dominance in export markets has decreased due to the emergence of Japan, Germany, and newly industrialized countries like China, South Korea, and Brazil.

Answer: D
 This statement is false as other developed nations like Japan and European countries have also experienced a decline in their relative standing in the share of world output.

Therefore, the best choice is A.

Which of the Following Statements Is True About the Changing