Solved by verified expert :112. Most
forecasts now predict a rapid rise in world output accounted for by developing
nations such as China, India, and South Korea, and a rapid decline in the share
enjoyed by rich industrialized countries such as Canada, Britain and the United
States.
True False
113. Many
of tomorrow’s economic opportunities may be found in the developing nations of
the world.
True False
114. The
stock of foreign direct investment refers to the total cumulative value of
foreign assets in a country.
True False
115. In
the 1960s global business activity was dominated by large Japanese
multinational corporations.
True False
116. Although
most international trade and investment is still conducted by large firms, small
to medium sized firms are increasingly involved in international trade and
investment.
True False
117. Economists
argue that increased international trade and cross-border investments will
result in higher prices for goods and services, although there are many
benefits to globalization.
True False
118. It
is commonly believed that globalization stimulates economic growth, creates
jobs, and raises income levels.
True False
119. Any
firm that engages in international trade or investment is an international
business.
True False
