In Modern Economies

question 36

Multiple Choice

In modern economies,

• A) restrictions on international labor mobility are common.
• B) labor is far more mobile internationally than capital.
• C) restrictions on international labor mobility are rare.
• D) labor is far more mobile internationally than it is intra-nationally.
• E) outsourcing increases international labor mobility.

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Definitions:

Illusionary Closing

A concept likely referring to the misleading end or resolution of a situation that fails to address underlying issues.

Juggernaut

A massive inexorable force, campaign, movement, or object that crushes whatever is in its path.

Cosmopolitanism

A philosophy that considers all humans as part of a single community based on a shared morality, regardless of national or cultural boundaries.

Globalism

The attitude or policy of placing the interests of the entire world above those of individual nations.