The Increasing Globalization of Production

question 103

Multiple Choice

The increasing globalization of production

• A) was accompanied by an new international division of labor.
• B) was possibly only because the largest corporations stayed put in the U.S.
• C) had little effect on the deindustrialization process in the industrial nations.
• D) strengthened the power of unions in advanced economies.
• E) followed along the same trends as the old imperial system.

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Definitions:

Taxed

Subjected to a charge or levy by the government on income, transactions, or property to fund public expenditures.

Sole Proprietorships

Sole proprietorships are businesses owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.

Sole Proprietor

The single person at the head of a sole proprietorship.

Terminated

Brought to an end; refers to processes, contracts, employment, or periods that have been concluded or stopped.