Which of the Following Statements About the Multiple Facets of Globalization

question 3

Multiple Choice

Which of the following statements about the multiple facets of globalization is true?

• A) Globalization is driven and governed by economic forces, it has been extensive, and it has produced stronger economies.
• B) Globalization is driven and governed by political forces. It has not been as extensive as it seems nor has it produced stronger economies.
• C) Globalization is the natural result of higher educational levels and decreasing poverty levels. It has been fueled by industrialists and entrepreneurs.
• D) Globalization has been spurred on by industrialization. It has created a new world order where virtually all countries, regardless of geographical location, are interconnected economically.

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Definitions:

Occupational Safety And Health Administration

A federal agency of the United States that regulates workplace safety and health to prevent work-related injuries, illnesses, and deaths.

Nominal Wages

Wages that are not adjusted for inflation, representing the amount of money paid to an employee by an employer in the form of cash.

Real Wages

Wages adjusted for inflation, representing the purchasing power of income received by workers, indicative of the real value of compensation over time.