Many Economists Agree That Globalization

question 37

Multiple Choice

Many economists agree that globalization:

• A)will continue indefinitely.
• B)is good for some nations but bad for many more nations.
• C)is good because it raises the standard of living for all global citizens.
• D)is good because it allows firms to earn maximum profits.

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Definitions:

Labor-Management Relations Act

A law, also known as the Taft-Hartley Act, that regulates the relations between labor unions and employers.

New Hires

Refers to individuals who have recently been employed by an organization and are in the process of integrating into their respective roles.

Workers' Compensation

An insurance program that provides benefits to employees who suffer job-related injuries or illnesses.

Mandatory Laws

Regulations that are legally required to be followed, often implying penalties for non-compliance.