Which of the Following Has Not Been an Effect of Globalization

question 21

Multiple Choice

Which of the following has not been an effect of globalization and a large trade deficit?

• A)Lower wages in the tradable sector than there otherwise would have been.
• B)Lower employment in the tradable sector than there otherwise would have been.
• C)Significant decline in wages and unemployment in the nontradable sector.
• D)An increase in income disparities.

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Definitions:

German-American

denotes Americans of German descent, who represent one of the largest ethnic groups in the United States, known for their significant cultural contributions and historical presence.

Political Activism

The practice of taking vigorous action, often in support of or opposition to one side of a controversial issue.

Fourteen Points

President Woodrow Wilson’s 1918 plan for peace after World War I; at the Versailles peace conference, however, he failed to incorporate all of the points into the treaty.

Self-Determination

The principle that peoples have the right to freely choose their sovereignty and international political status with no interference.