Opponents of Globalization in Advanced Economies Like the U

question 128

Multiple Choice

Opponents of globalization in advanced economies like the U.S.and Western Europe contend that:

• A)falling trade barriers allow firms to move manufacturing activities to countries where wage rates are much lower.
• B)levels of employment have risen due to influx of immigrants.
• C)the developed world is being pushed deeper into debt as a result of the growing economies of developing nations.
• D)political and military influence has decreased,resulting in a decline in economic supremacy.

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Definitions:

Performance

The execution of duties or actions stipulated by a contract.

Third Party

An entity involved in a transaction or legal situation who is neither the first (often the buyer or claimant) nor the second (often the seller or defendant) principal party.

Express Condition

A specific and explicitly stated requirement in a contract that must be met for contractual obligations to be fulfilled.

Certificate of Occupancy

An official document issued by a local government agency or building department certifying a building's compliance with applicable building codes and other laws, indicating it is in a condition suitable for occupancy.