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Globalization Has ________ the Price of Many Goods, Which Has

question 135

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Globalization has ________ the price of many goods, which has caused the value marginal product of unskilled labor to ________ and the demand for unskilled labor to ________.


Definitions:

McDonaldization

The notion that institutions are expected to function in ever more efficient ways, with a high degree of predictability and standardization.

Knowledge-intensive

Relating to industries or activities that heavily rely on professional knowledge or expertise.

Labour Force

The total number of people who are employed or actively seeking employment.

Functionalism

A sociological perspective that views society as a complex system whose parts work together to promote solidarity and stability.

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