Which of the Following Statements About the Globalization of the Economy

question 6

Multiple Choice

Which of the following statements about the globalization of the economy is FALSE?

• A)Globalization of economic activities provides lower-cost goods for consumers in advanced industrial nations.
• B)Culture wars have arisen as a result of the social problems caused by globalization,and have made it difficult to arrive at ways to solve social problems.
• C)Economic globalization takes jobs away from workers in the world's wealthier nations.
• D)Globalization of economic activities provides higher-cost goods for consumers in advanced nations because of increased production and transportation costs.
• E)Technology-dependent globalization has facilitated new forms of crime (such as identity theft)and social problems,such as the spread of new diseases.

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Definitions:

Type

Referring to a category or class that shares common characteristics or attributes.

NAALC

The North American Agreement on Labor Cooperation, an agreement aimed at improving labor standards and working conditions in Canada, Mexico, and the United States.

Labor Principles

Fundamental guidelines or standards governing fair and ethical treatment of workers, including rights to organize, fair wages, and safe working conditions.

World Trade Organization

An international organization that regulates international trade, aiming to ensure that trade flows as smoothly, predictably, and freely as possible.