One Effect That Globalization Has Had on Employment and Income

question 21

Multiple Choice

One effect that globalization has had on employment and income is:

• A) Globalization has indirectly stimulated employment in some industries by increasing the spending power of consumers.
• B) Globalization has increased domestic wages.
• C) Globalization has decreased the number of available jobs in virtually all industries.
• D) None of the above

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Definitions:

Straight-Line Method

A method of depreciation that allocates an asset's cost evenly throughout its useful life.

Carrying Amount

The value at which an asset or liability is recognized on the balance sheet, calculated as its original cost minus depreciation or amortization.

Useful Life

The period over which an asset is expected to be available for use by an entity; or the number of production or similar units expected to be obtained from the asset by an entity.

Management Fee

A charge levied by an investment manager for managing an investment fund's assets, often calculated as a percentage of the assets under management.