Which of the Following Is a Potential Disadvantage to Consumers

question 72

Multiple Choice

Which of the following is a potential disadvantage to consumers of the globalization trend among businesses?

• A) increased costs of goods
• B) lower minimum wage
• C) increased insurance costs
• D) higher labor union fees
• E) reduced job security

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Definitions:

State Development

The process by which a government implements policies and infrastructure projects to improve the social, economic, and political conditions of its country.

Geographical Factors

Physical and environmental elements that influence the climate, terrain, natural resources, and human activities in a given area.

Devastating Infectious Diseases

Refers to highly contagious and severe diseases that can lead to widespread illness, death, and social disruption.

Urban Population

Refers to the segment of a nation's population that resides within urban areas, which are characterized by higher population density and vast human features in comparison to areas surrounding it.