Which of the Following Has Not Been an Effect of Globalization

question 21

Multiple Choice

Which of the following has not been an effect of globalization and a large trade deficit?

• A)Lower wages in the tradable sector than there otherwise would have been.
• B)Lower employment in the tradable sector than there otherwise would have been.
• C)Significant decline in wages and unemployment in the nontradable sector.
• D)An increase in income disparities.

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Definitions:

Reportable Segment

A distinguishable component of an enterprise engaging in operations from which it may earn revenues and incur expenses, whose operating results are regularly reviewed by the entity's chief operating decision maker.

Operating Profit

The profit earned from a firm's core business operations, excluding deductions of interest and tax, as well as any non-operational income and expenses.

Loss

A financial situation where expenses exceed revenues.

Pension Expense

The total cost recognized by an employer for an accounting period regarding the company’s pension plan, comprising service costs, interest costs, plan amendments, and other factors.