Proponents of Globalization Argue That Poor People and Countries Benefit

question 7

Multiple Choice

Proponents of globalization argue that poor people and countries benefit from increased employment opportunities and rising standards of living. In order to achieve these benefits, they argue that countries should accept which of the following?

• A) Nations must accept that the world is not a level playing field and never will be.
• B) Nations must be willing to allow business monopolies.
• C) Nations must open their borders to international trade.
• D) Nations must recognize that certain human and labour rights will inevitably be undermined by the IMF and World Bank.
• E) Nations must opt out of the world capitalist economy.

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Definitions:

Solvency

This financial term refers to an entity's ability to meet its long-term financial obligations, indicating financial stability.

Interest Payments

Payments made to lenders as compensation for borrowing money, typically calculated as a percentage of the principal.

Debt

An amount of money borrowed by one party from another, often used to make large purchases that are not affordable with available cash.

Times Interest Earned

A financial ratio that measures a company's ability to meet its interest payments on outstanding debt.