All of the Following Are Arguments Against Globalization,EXCEPT

question 97

Multiple Choice

All of the following are arguments against globalization,EXCEPT

• A) globalization is not a "natural" process.
• B) globalization is a policy promoted by free-trade advocates, capitalist countries, and multinational firms, all of which benefit from the process.
• C) policies of globalization increase the differences between rich and poor in the world.
• D) globalization will lead to the use of nuclear weapons.
• E) globalization is dangerously unstable.

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Definitions:

MR<MC

A condition in microeconomics indicating that the marginal revenue is less than the marginal cost, suggesting a decrease in profit if production is increased.

Decrease Production

The act of reducing the quantity of goods produced by a business or economy.

Firm Should

Advises or considerations regarding strategic decisions that businesses ought to follow to achieve objectives such as profitability, growth, or sustainability.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.