Asked by Dontae Perkins on Jun 26, 2024
Verified
Which of the following best defines the 10% presumption?
A) Only about 10 percent of products produced in the United States are industrial products; the remaining 90 percent are consumer products.
B) Only about 10 percent of the world's organizations are multilateral; the remaining 90 percent are bilateral.
C) Only about 10 percent of countries are sovereign nations; the remaining 90 percent are not sovereign.
D) Only about 10 percent of activity is conducted globally; the remaining 90 percent is domestic.
Industrial Products
Goods produced and used in industrial processes, such as machinery, equipment, and raw materials.
Consumer Products
Goods sold directly to the end consumer for personal use, as opposed to being sold for further production or processing.
- Understand the principles of free trade and its implications on global economic policies.
Verified Answer
AA
Aaron ArseneJun 29, 2024
Final Answer :
D
Explanation :
The 10% presumption suggests that a relatively small portion of economic or organizational activity (about 10%) is conducted on a global scale, while the vast majority (about 90%) occurs within domestic contexts. This concept highlights the significance of local or national activities over international ones in many contexts.
Learning Objectives
- Understand the principles of free trade and its implications on global economic policies.