Which of the Following Statements Is True of Globalization

question 51

Multiple Choice

Which of the following statements is true of globalization?

• A) It gives unprecedented political power to consumers.
• B) It slows down the process of deindustrialization.
• C) It eliminates income inequality between workers and the global elite.
• D) It increases the number of workers in Western economies.
• E) It exploits poor people in developing countries.

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Definitions:

Actual Reserves

The total amount of funds that a bank has in its reserve account plus any cash on hand, used to satisfy reserve requirements.

Federal Reserve Bank

The central bank of the United States, which performs key functions in the country's financial system.

Interest Rates

The cost of borrowing money, typically expressed as a percentage, which influences economic activity by encouraging or discouraging spending and investment.

Government Securities

financial instruments issued by the government to finance its fiscal deficits, including bonds, bills, and notes, which are considered safe investments.