________ Is an Effect of Increasing Globalization

question 49

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 labor

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Definitions:

Discouraged Workers

Individuals not actively seeking employment due to believing no jobs are available for them or there are none for which they would qualify.

Discouraged Workers

People who have stopped looking for employment due to a belief that their job search efforts will not yield success.

Cyclically Unemployed

Individuals who have lost their jobs due to downturns in the business cycle or economic recessions, as opposed to structural factors.

Price Index

An index number that shows how the weighted average price of a market basket of goods changes through time.