The Increase in Wage Inequality Resulting from Globalization Can Be

question 24

Multiple Choice

The increase in wage inequality resulting from globalization can be reversed through:

• A)revoking the principle of comparative advantage.
• B)increases in worker mobility.
• C)decreases in worker mobility.
• D)making markets more competitive.

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Definitions:

Professional Failure

A situation where an individual or organization fails to meet professional standards or objectives in their field of work.

Attribute of Grit

A quality of perseverance and passion for long-term goals, demonstrating resilience and determination.

Forced Sale

A situation where goods are sold under the pressure of external circumstances, often at a lower price than the market value.

Bankruptcy

A legal proceeding involving a person or business that is unable to repay outstanding debts.