Globalization

question 44

Multiple Choice

Globalization

• A) is inherently negative.
• B) is mostly negative.
• C) is a mixture of both negative and beneficial effects.
• D) is mostly beneficial.
• E) is always beneficial.

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Definitions:

Wage

Compensation or payment to an employee for labor or services rendered, typically expressed on an hourly, daily, or piecework basis.

Marginal Product

The additional output resulting from the use of one more unit of a production input, holding other inputs constant.

Wage

A wage is the compensation paid to employees for their labor, typically calculated on an hourly, daily, or piecework basis.

Output

The quantity of goods or services produced in a given period by an individual, firm, or country.