The Most Common Complaint About Globalization Is That

question 43

Multiple Choice

The most common complaint about globalization is that

• A) countries no longer can survive without participating in it.
• B) those who are already rich have become even more wealthy while everyone else suffers the effects of exploitation.
• C) local and regional products and customs are overrun by American corporatization.
• D) participation requires universal support of beneficiary groups such as low-income families and the elderly.

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Definitions:

Nonexcludable

A characteristic of a good or service that prevents people from being excluded from using it, often leading to challenges in private market provision.

Rival In Consumption

Goods or services that cannot be enjoyed by more than one person at the same time, as the consumption by one prevents that by another.

Common Resource

A resource like air or water that is not owned by anyone, but available for use by everyone, often leading to overuse and depletion.

Common Resources

Goods that are non-excludable and rival in consumption, such as fisheries, forests, and the atmosphere, which are accessible to all but can be depleted by overuse.