Why Do Many People Fear Trade and Globalization

question 102

Multiple Choice

Why do many people fear trade and globalization?

• A) Many fear that free trade and globalization lead to increased productivity.
• B) Many fear that an open economy spurs innovations with fresh ideas from abroad.
• C) Many fear that trade and globalization will lead to massive job losses.
• D) Many fear that trade and globalization will increase per capita income.

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Definitions:

Fabrication Hours

The total hours spent on manufacturing or constructing an item or product.

Finishing Department

The section of a manufacturing process where the final production phases occur, often involving cleaning, polishing, and packaging.

Net Profit

The actual profit after all expenses and taxes have been deducted from total revenue.

Disinfectants

Substances used to kill or inhibit the growth of harmful microorganisms on surfaces, objects, or skin.