According to Evidence from Around the World, the Real Losers

question 55

Multiple Choice

According to evidence from around the world, the real losers in globalization of the world economy are:

• A)non-government organizations.
• B)environmental activists.
• C)skilled laborers in the globalizing nations.
• D)countries that have not participated in the globalization process.
• E)the poorest people in the globalized developing countries.

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Definitions:

Cigarettes

Narrow cylinders of finely cut tobacco rolled in paper for smoking, often containing a filter at one end.

Tax

A mandatory monetary fee or different kind of tax levied on individuals by a state entity with the purpose of raising funds for government operations and public projects.

Aggregate Demand Function

An economic formula that represents the total demand for goods and services in an economy at various price levels.

Swimming Pools

Man-made structures designed to hold water for swimming, diving, or recreational bathing.