The concept of "global competitiveness"
A) is not practical because economic well-being is evaluated within each country.
B) means that the economic well-being of each nation must be compared with nations with same size population.
C) means that the economic well-being of each nation must be compared with nations on the same continent.
D) means that the export-import ratio of each nation must be compared.

Question

Quizplus · Accepted Answer

The concept of "global competitiveness" is practical and involves comparing the economic well-being of a nation on a global scale, not just within its own borders or with nations of similar population size or on the same continent. It encompasses a broader range of factors than just the export-import ratio.

The Concept of "Global Competitiveness