One Criticism of Globalization Is That Falling Trade Barriers Encourage

question 49

True/False

One criticism of globalization is that falling trade barriers encourage companies to locate manufacturing activities in another country to take advantage of lower wage rates.

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Definitions:

Money

A medium of exchange in the form of coins and banknotes; used as a way to value goods and services and facilitate trade.

Taste Aversions

The acquired aversion to specific food or beverage due to its connection with a distressing or sickening event.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without any need for learning.

Learned By Association

The process of forming connections between stimuli and responses, typically through conditioning.