________ Is an Effect of Increasing Globalization

question 85

Multiple Choice

________ is an effect of increasing globalization.

• A) More expensive consumer goods
• B) An increase in manufacturing jobs in developed nations
• C) An ever increasingly homogeneous workforce
• D) Shared economic values among all cultures
• E) Jobs moving to nations with low-cost labour

---

Definitions:

Consumer Surplus

The divergence between anticipated consumer expenditure on a good or service and the actual expenditure.

Surplus II

An excess of production or supply over demand, leading to potential wastage or decrease in prices.

Total Surplus

The total benefits society gains, encompassed by the addition of consumer surplus and producer surplus within a market.

Consumer Surplus

The variation between the sum consumers are willing to allocate for a good or service and the sum they actually allocate.