Supporters and Critics of Globalization Appear to Agree That Globalization

question 3

True/False

Supporters and critics of globalization appear to agree that globalization prevents dislocation in labor markets.

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Definitions:

Resource Market

A market in which households sell and firms buy resources or the services of resources.

Product Market

A market in which products are sold by firms and bought by households.

Tax Revenue

The income that is gained by governments through taxation.

Public Sector

The part of the economy composed of government services and institutions, funded and operated by the government.