Globalization Critics Argue That the Decline in Unskilled Wage Rates

question 21

Multiple Choice

Globalization critics argue that the decline in unskilled wage rates in advanced economies is due to the:

• A)migration of low-wage manufacturing jobs offshore.
• B)technology-induced shift toward jobs that require significant education and skills.
• C)increased supply of highly skilled workers.
• D)decreasing demand for unskilled workers in developing nations.
• E)reducing national differences in the cost of labor between developed and developing nations.

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Definitions:

Hierarchy of Needs

A model introduced by Abraham Maslow that is often depicted as a pyramid, representing the progression through different levels of human needs from physiological up to self-actualization.

Self-Actualized

The realization or fulfillment of one's talents and potentialities, considered as a drive inherent in everyone, often associated with Maslow's hierarchy of needs.

Physiological Needs

Basic physical requirements for human survival, such as air, water, food, shelter, and sleep, which are considered the foundation of Maslow's hierarchy of needs.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, which outlines a hierarchy of needs culminating in self-actualization.