Critics of Globalization Say That Exporting Jobs to Low-Wage Nations

question 103

Multiple Choice

Critics of globalization say that exporting jobs to low-wage nations results in higher unemployment and lower living standards in their home nations. Which of the following statements does NOT support this argument?

• A)Globalization destroys manufacturing jobs in wealthy advanced economies.
• B)Globalization demonstrates a structural adjustment to a more integrated global economy.
• C)Globalization results in depressed wages in developed nations.
• D)Globalization leads to economic dislocation in most cases.
• E)Globalization induces a decline in the share of labor in national income.

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Definitions:

Long Ago

Denotes a period of time that is significantly distant in the past.

Retrieval

The process of recalling information stored in long-term memory.

Major Causes

Principal factors or reasons that contribute significantly to the occurrence of a condition, event, or situation.

Iconic Memory

Visual sensory memory, lasting only a fraction of a second.