What Interesting Observation Does Wood (1994)make About the Effects of Trade

question 23

Multiple Choice

What interesting observation does Wood (1994) make about the effects of trade with developing countries on equality?

• A)that trade with developing countries ensures the growth in wealth of the industrialized country as it makes wage costs cheaper and labour more efficient
• B)that trade with developing countries actually creates inequality in the industrialized country by reducing demand for unskilled labour by more than 20%
• C)that there is no rhyme or reason as to the effects of globalization on wealth and equality in either the developed or developing countries
• D)that globalization always benefits the industrialized country and almost never the developing countries

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Definitions:

Listening

The active process of receiving, decoding, and interpreting spoken messages.

Remember

The cognitive process of recalling information or experiences previously learned or encountered.

Active Listening

The practice of fully concentrating on what is being said rather than just passively hearing the message, involving feedback and engagement.

Receptive Mind-Set

An attitude or approach characterized by being open and willing to consider or accept new ideas and information.