Globalization Is Criticized Because It ________

question 75

Multiple Choice

Globalization is criticized because it ________.

• A) does not generate labor market flexibility in developing nations
• B) prevents developed countries from outsourcing work to developing nations
• C) creates fewer manufacturing jobs in developing nations
• D) exploits workers in low-wage nations

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Definitions:

Concentration Ratio

A measure used in economics to assess the degree of market concentration, indicating the market share held by the largest firms in the industry.

Oligopolistic Manufacturers

Companies in an industry where a small number of firms hold a large market share, significantly influencing market dynamics.

Concentration Ratios

Measures that indicate the extent of competition within a market by showing the market share of the largest firms.

Monopoly Power

The ability of a single seller to control the market price and supply of a product or service, reducing competition.