All of the Following Are True of Economic Globalization Except

question 26

Multiple Choice

All of the following are true of economic globalization except that

• A)free trade is not always fair trade.
• B)it raises concerns about diversity and conformity.
• C)its costs and benefits are questioned by many.
• D)Americanization is most popular in France.
• E)trade agreements seem to threaten job losses in developed nations.

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Definitions:

Lemon Laws

Statutes that provide remedies to consumers for products, typically vehicles, that repeatedly fail to meet standards of quality and performance.

Defective Parts

Components or elements of a product that are faulty, flawed, or do not meet specified standards of quality.

Punitive Damages

Monetary compensation awarded to a plaintiff that exceeds simple compensation and is intended to punish the defendant for egregious behavior.

Special UCC Exception

A unique or specific deviation from the general rules established under the Uniform Commercial Code, which governs commercial transactions in the United States.