Globalization Has Increased the Amount of Wealth Available in the World;why

question 68

Multiple Choice

Globalization has increased the amount of wealth available in the world;why is this a problem for some actors?

• A)The increase in wealth is not going to the people who have earned the wealth.
• B)The wealth generated is in fiat currency,which means it is not actually real wealth that is being generated.
• C)The increase in wealth is accompanied by an increase in inequality.
• D)The increase in wealth has made states more effective at abusing the rights of their citizens.
• E)The increase in wealth has been accompanied by rising prices that match the wealth;therefore,impoverished people are no better off than they were 20 years ago.

Understand the concept of substitution and income effects in the context of labor supply.

Grasp the impact of market forces and personal preferences on labor market outcomes.

Understand the principles of marginal productivity theory of income distribution.

Recognize the impact of technological progress on the demand for labor.

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An organizational pattern in speeches or writing that arranges information according to different types or categories.

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