All of the Following Are Arguments in Favor of Globalization,EXCEPT

question 102

Multiple Choice

All of the following are arguments in favor of globalization,EXCEPT

• A) globalization is a logical expression of international capitalism that will benefit all peoples and all nations.
• B) globalization encourages the spread of beneficial new technologies and ideas.
• C) the removal of trade barriers will cause inefficient local industries to become more efficient, and more able to compete internationally.
• D) each country and region of the world will profit by concentrating on the activities for which they are best suited in the global economy.
• E) globalization will lead to world peace.

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Definitions:

Objective Function

A mathematical equation used in optimization to represent the goal of an operation, often aiming to maximize or minimize some aspect of the system.

Skilled Labour

Workforce with specialized knowledge, training, or abilities to perform complex tasks.

Maximise Profitability

The strategic approach businesses use to increase their profits to the highest possible level by optimizing operations, costs, and revenues.

Available Hours

The total number of hours in a given period that can be utilized for productive work or services.