Critics of Globalisation Argue That Falling Trade Barriers and the Costs

question 4

Multiple Choice

Critics of globalisation argue that falling trade barriers and the costs of production allow firms to move manufacturing operations to countries where the wage rates are much lower than in Australia.Supporters of globalisation reply to these criticisms and trends to make the point that:

• A)the benefits outweigh the costs.
• B)the costs outweigh the benefits.
• C)costs are offset by concentrating on product and market factors.
• D)consumers benefit in the long run.

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Definitions:

Jeep Tours

Guided tours offered using jeep vehicles, often in rugged terrains or places of scenic beauty.

Guests

Guests refer to individuals who receive hospitality or services, such as visitors in a hotel, invited persons to an event, or customers in a restaurant.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, allowing for more accurate forecasting and planning.

Customers Served

The number of customers who have received services or goods from a business.