How Did Liberals View the Growth of Globalization and Interstate

question 6

Multiple Choice

How did liberals view the growth of globalization and interstate commerce?

• A) Liberals contended that increased commerce among states would raise wages for workers.
• B) Liberals thought that commerce among European states and elsewhere would bind these countries together and suppress calls for war.
• C) Liberals taught that competition among states was harmful; they condemned the growth of international commerce.
• D) Liberals believed economic theory was simplistic and insufficient to analyze macroeconomics.
• E) Liberals embraced commerce at all levels in most cases, but because most liberals were British, they refused to sanction any trade with Germany.

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Definitions:

Unemployed

Individuals who are jobless, actively seeking work, and available to take up employment.

Structural Unemployment

Unemployment that results from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand.

Cyclical Unemployment

A type of unemployment that results from business cycle fluctuations in the economy, typically increasing during recessions and decreasing during expansions.

Unemployment

A situation where individuals who are capable of working and willing to work cannot find jobs.