Which of the Following Is NOT One of the Benefits

question 27

Multiple Choice

Which of the following is NOT one of the benefits that has been realized from the expansion of free trade and globalization?

• A) There has been a reduction in poverty in developing nations due to globalization.
• B) Workers in developed economies,such as the U.S. ,have benefited from increased employment in the high-paying manufacturing industries.
• C) Consumers have gained because of lower prices.
• D) National economies have gained because of increased economic efficiency.
• E) Workers in developing nations have gained from increased wages and employment.

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Definitions:

Future Rate

An expected rate for a financial instrument or an economic variable at a specified future date.

Fixed Exchange Rate

A government policy to maintain the value of its currency at a set rate against another currency or a basket of currencies.

Covariance

A measure used in statistics to determine how much two random variables change together, indicating the direction of their linear relationship.

DAX Stock Market

The Deutscher Aktienindex (DAX), a major stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.