Scenario: Donna Bader, Globalization Opponent

question 7

Multiple Choice

Scenario: Donna Bader, Globalization Opponent
Donna Bader spent her final year at college studying the effect of various economic factors on the economy of developing nations. Based on the results of her study, she concluded that globalization does these countries more harm than good.
-Which of the following statements,if true,weakens her argument?

• A) The employment rate of developed nations has been declining because of international outsourcing.
• B) With the exposure to new technology and cultural trends, the standard of living in developing countries has improved.
• C) People in high-wage countries often can't afford hospital care without financial assistance.
• D) Labor market flexibility across the world has seen little improvement over the last decade.

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Definitions:

Binding Price Ceiling

A government-imposed price limit on goods or services that is set below the market equilibrium price, leading to shortages.

Price Paid

The amount of money exchanged for a good or service in a transaction.

Quantity Sold

The total number of units of a product or service sold in a given period.

Price Floor

A minimum price set by the government or other authority, below which a product or service cannot be sold.