Losers from Globalization Include

question 108

Multiple Choice

Losers from globalization include

• A) sweatshop workers.
• B) transportation businesses.
• C) consumers in developing countries.
• D) workers in import-competing industries.
• E) none of the above.

---

Definitions:

FMV

Fair Market Value (FMV) refers to the price at which an asset would sell in the marketplace under conditions where both buyer and seller have reasonable knowledge of the asset and are willing to trade without external pressures.

Basis

Basis is the amount of investment in property for tax purposes, used to calculate gain or loss on a sale or other disposition of the property.

Capital Gain

Profit from the sale of property or an investment when the selling price exceeds the purchase price.

Tax Depreciation

An accounting method that allows a taxpayer to allocate the cost of a tangible asset over its useful life, offering tax deductions over this period.