Which of the following statements is an example of a global trend?
A) The Federal Reserve announces that it will decrease the interest rate charged to banks.
B) Congress passes legislation that increases the tax rates on corporations.
C) A new computer chip is developed that will allow for miniaturization of many electronic devices.
D) The European Union declares an increase in tariffs on all agricultural goods.

Question

Quizplus · Accepted Answer

The European Union declaring an increase in tariffs on all agricultural goods is an example of a global trend because it affects international trade and has implications for multiple countries, not just one specific region or industry. The other statements are specific to one country or industry, and do not necessarily have global implications.

Which of the Following Statements Is an Example of a Global