Which of the Following Statements Is True About the Implications

question 18

Multiple Choice

Which of the following statements is true about the implications of globalization on developing countries?

• A) Globalization has depressed wages in developing nations.
• B) Among the developed countries, the earnings gap between workers in skilled and unskilled sectors has widened.
• C) Globalization is increasing the wage gap between developing and developed nations as developed nations experience rapid economic growth.
• D) The citizens of developing countries have achieved higher living standards due to globalization.
• E) Globalization has destroyed manufacturing jobs in developing economies.

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Definitions:

Grand Strategy

A comprehensive, overarching plan or policy designed to achieve major or overall objectives, particularly in politics or business.

Louis XIV

King of France from 1643 to 1715, known as the Sun King, he ruled for the longest time in European history and significantly influenced the course of French absolutism.

Habsburg Powers

Refers to the dynasty that ruled over various European territories and empires, including Austria and Spain, from the medieval period through the 20th century, known for its significant influence in European politics.

Absolutism

A form of government where the ruler holds total authority over the government and the lives of the people, often found in monarchies.