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.

---

Definitions:

Unearned Rent

Unearned Rent is a liability representing rent payments received in advance for which the services have yet to be rendered or the occupancy period has not yet occurred.

Rental Income

Revenue received from leasing property or other assets to tenants.

Advance

A payment made before it is due or for goods and services yet to be received.

Income Summary

An account to which all revenue and expense accounts are transferred at the end of an accounting period to summarize the results of operations for that period.