Which of the Following Correctly Identifies an Argument Against Globalization

question 211

Multiple Choice

Which of the following correctly identifies an argument against globalization?

• A) Globalization limits the bundle of goods and services available in smaller countries.
• B) Globalization leads to an exploitation of developed countries.
• C) Globalization can lead to a loss of indigenous culture and tradition.
• D) Globalization works against free trade.

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Definitions:

Explicit Costs

These are direct, out-of-pocket payments for expenses incurred by a business, such as wages, rent, and materials.

Opportunity Costs

The cost of foregoing the next best alternative when a decision is made to pursue a particular action.

Total Revenues

The total amount of money received by a company from its sales of goods or services, before any expenses are subtracted.

Entrepreneur's Talent

The unique set of skills, insights, and intuitions possessed by an entrepreneur that contributes to the successful establishment and growth of a business.