According to Chapter 15 of Your Textbook,what Do Recognizable Brands

question 28

Multiple Choice

According to chapter 15 of your textbook,what do recognizable brands such as Rolex,Porsche,and Chivas Regal represent?

• A)that globalization spreads certain universal values and attachments through its global consumer products and brands
• B)that globalization is about making the cost of production very cheap
• C)that such products spread through globalization and symbolize success in almost any language or culture on earth
• D)that globalization spreads certain universal values and attachments through its global consumer products and brands,and that such products spread through globalization and symbolize success in almost any language or culture on earth

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Definitions:

Low-Skill

Describes jobs or workers that require minimal specialized training or education.

Compensating Differential

A difference in wages that arises to offset the nonmonetary characteristics of different jobs.

Economics Professors

Academics who specialize in the study of economics, often conducting research, teaching at universities, and publishing scholarly works.

Compensating Differential

The difference in wage rates that serves to offset the desirability or undesirability of a job, its working conditions, location, or other non-monetary characteristics.