Question

Which of the following statements is NOT true? America's economy is becoming much less American. Markets are shifting slowly and in many cases diverging in tastes, trends, and prices. A world economy and monetary system are emerging. Corporations in every corner of the globe are taking advantage of the opportunity to obtain customers globally. Innovative transport systems are accelerating the transfer of technology.

Answer 1

Answer:

The first statement in the answer choices or options given in the question is NOT true in this case or America's economy is becoming much less American.

Explanation:

• In this instance, the first statement given in the answer choices or America's economy is becoming much less American seems untrue or rather meaningless or baseless statement.
• First,saying that American economy is becoming less American doesn't apparently make any logical sense as American economy refers to a particular country's economy which is America. Furthermore, American economy is not any official theoretical classification or a type of economy such as a market economy,capitalist economy,mixed economy,socialist economy and so on.
• Even if some people might refer to American economy as a predominantly capitalistic economic structure,the given statement appears to be untrue as there is no logical or practical evidence to suggest that the American economy is indeed becoming less capitalistic or market oriented.