One Frequently Voiced Concern About Globalization Is That It Destroys

question 105

Multiple Choice

One frequently voiced concern about globalization is that it destroys manufacturing jobs in wealthy advanced economies such as Canada.The basic thrust of the critics' argument is:

• A) developing nations will recruit employees from the more advanced economies, thereby depleting their labour pools
• B) globalization increases the pace of the shift from a world economy based on manufactured goods to a world economy based on services
• C) falling trade barriers allows firms to move their manufacturing activities offshore to countries where wage rates are much lower
• D) the governments of developing countries will heavily subsidize their primary industries, making competing products produced in advanced economies less attractive
• E) Canadian workers are overpaid and the true value of a manufacturing job is much lower

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Definitions:

Normally Distributed

Describes a distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Test Statistic

A standardized value derived from sample data during a hypothesis test which is used to determine whether to reject the null hypothesis.

Lower Tailed Test

A statistical test used to determine if a dataset's lower end values significantly differ from the hypothesized value.

Test Statistic

A standardized value calculated from sample data during a hypothesis test that is used to make a decision about the null hypothesis.