If the Labor Pool Effect of Globalization Is Weaker Than

question 20

Multiple Choice

If the labor pool effect of globalization is weaker than the market expansion effect,then globalization will lead to a(n) __________ in wages and a(n) __________ in the number of workers hired.

• A) decrease; decrease
• B) decrease; increase
• C) increase; increase
• D) increase; decrease

Recognize the historical background and evolution of consumer protection laws.

Identify various approaches and methods used in consumer protection law.

Comprehend the rights and obligations of both consumers and businesses under consumer protection laws.

Learn about the role of disclosures, warranties, and advertising in consumer protection.

---

Definitions:

Transfers

Transactions where wealth or income is redistributed from one party to another without any exchange of goods or services, such as grants or social security payments.

Households

Units of one or more persons living together who make joint decisions on consumption, work, and income generation.

Discrimination Coefficient

A measure in economics and social sciences to quantify the degree of discrimination or bias shown towards or against a particular group or individual.

Wage Differential

The difference between the wage received by one worker or group of workers and that received by another worker or group of workers.