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:

Partnership

A valid form of business collaboration that entails two or more individuals equally partaking in management and enjoying profits.

Close Corporation

A type of business corporation that is privately held, with a limited number of shareholders and restrictions on share transfers.

Shares

Units of ownership interest in a corporation or financial asset, providing a proportionate claim on the company's assets and profits.

Few Persons

A term not widely used in a specific financial or legal context; generally, it refers broadly to a small number of individuals.