The Market Expansion Effect of Globalization Has Which of the Following

question 1

Multiple Choice

The market expansion effect of globalization has which of the following effects?

• A) The overall number of workers employed falls.
• B) The labor force participation rate declines.
• C) The supply of labor for many kinds of work increases, pushing the equilibrium wage down.
• D) The demand for labor for many kinds of work increases, pushing the equilibrium wage up.

Understand statistical concepts, including measures of central tendency, variability, and correlation.

Recognize the implications of research findings for theories in psychology.

Understand the placebo effect and its impact on research outcomes.

Develop critical thinking skills in evaluating psychological research and claims.