Which of the Following Describes the Effect of Economic Globalization

question 24

Multiple Choice

Which of the following describes the effect of economic globalization on wealthy nations like the United States?

• A) New openings in the global economy contributed to the expansion of the middle class.
• B) Jobs in the low-wage service sector declined and jobs in manufacturing sharply increased.
• C) A shifting global division of labor resulted in the loss of many manufacturing jobs.
• D) Increased total world output diminished income disparities and created economic equality.

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Definitions:

Liability

A financial obligation or debt owed by a company to third parties, such as loans, accounts payable, or mortgages.

Date of Declaration

The official date on which a company's board of directors announces its intention to pay a dividend.

Issued Shares

Represents the total number of shares that have been allocated by a corporation and are held by shareholders, including both public investors and company officers or insiders.

Stockholders' Equity

The remaining stake in a company's assets once all debts are subtracted, indicating the shareholders' ownership claim.