Globalization Opponents Argue That "Exporting Jobs" to Low-Wage Nations Has

question 14

Multiple Choice

Globalization opponents argue that "exporting jobs" to low-wage nations has contributed to

• A)higher living standards in those countries that "export" the jobs.
• B)higher unemployment in wealthy advanced economies such as the United States.
• C)an increase in the income levels in those nations that "export" the jobs.
• D)lower standards of living in those countries to which the jobs are exported.
• E)reduced specialization in the production of goods and services.

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Definitions:

Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenues.

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

Financing Transactions

Financial activities that involve raising funds for a company, including debt, equity, or other financial instruments.

Investing Transactions

Financial activities related to the acquisition or sale of long-term assets and investments not used in the normal course of business.