Which Statement Is a General Implication of Globalization

question 75

Multiple Choice

Which statement is a general implication of globalization?

• A) Globalization is inevitable.
• B) From a purely economic perspective, globalization is all good.
• C) Globalization has no negative impacts on the economies of the developed world.
• D) Globalization has reduced the risks associated with global financial contagion.
• E) As a result of globalization, a severe crisis in one region of the world can affect the entire globe.

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Definitions:

Western European Nations

Countries located in the Western part of Europe, often characterized by democratic forms of government, industrial economies, and high standards of living.

Working Poor

Individuals who have employment but whose incomes fall below a poverty line due to low wages and/or insufficient working hours.

Single Mother

A woman who parents a child or children without the support of a partner in the household.

Electric Bill

A statement of the cost of electricity consumption for a specific period, typically issued monthly by utility companies to households or businesses.