Globalization ________ the Wages of Workers in the Exporting Industries

question 39

Multiple Choice

Globalization ________ the wages of workers in the exporting industries and ________ the wages of workers in the import-competing industries.

• A)raises; raises
• B)raises; lowers
• C)raises; does not change
• D)lowers; raises

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Definitions:

Drawee

The party in a financial transaction who is directed to pay a certain sum of money as per the payer's instructions.

Stop Payment Order

A request made to a financial institution to cancel the payment or processing of a check or payment transaction before it has been completed.

90 Days

A period of time consisting of exactly ninety days, often used in reference to deadlines or waiting periods.

Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulating banks, and ensuring financial system stability.