Globalization Is a Contested Issue as Far as Equitable Access

question 75

Multiple Choice

Globalization is a contested issue as far as equitable access and accrual of benefits to all of the world's citizens.According to the text,what percentage of the world's wealth is owned by the poorest three-quarters of the world?

• A) less than 1%
• B) between 1 and 5%
• C) less than 10%
• D) between 15 and 25%

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Definitions:

Economic Endeavors

Activities or efforts directed towards the production, distribution, and consumption of goods and services in an economy.

1970s

The decade from 1970 to 1979, marked by significant political, social, and economic changes worldwide, including the end of the Vietnam War and the energy crisis.

European Union

A political and economic union of 27 European countries that participate in a unified international framework for political, social, and economic policies.

Merchandise Balance

The gap between what a nation exports and imports in terms of physical products.