Opponents of Globalization Argue That Globalization Has Produced

question 33

Multiple Choice

Opponents of globalization argue that globalization has produced

• A)more and better jobs.
• B)deleterious effects on labor and labor standards.
• C)uneven results across nations and people.
• D)even results across nations and people.
• E)globalization has produced uneven results across nations and people and deleterious effects on labor and labor standards.

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Definitions:

Competitive Forces

Elements in the external environment that influence the competitiveness of a company, including rivalry among existing competitors, threat of new entrants, threat of substitute products, bargaining power of buyers, and bargaining power of suppliers.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, indicating the profitability of an enterprise beyond basic financial profit.

Monopoly

A market structure characterized by a single supplier controlling all the supply of a particular good or service.

Economic Loss

A situation where total costs exceed total revenues, leading to a negative profit.