The Biggest Risk That Comes Directly from a Hands-On Globalization

question 5

Multiple Choice

The biggest risk that comes directly from a hands-on globalization policy is that

• A) markets will fail.
• B) losers in import-competing businesses get no assistance in adjusting.
• C) government gives in to political pressure for protectionism.
• D) jobs disappear in import-competing industries.
• E) creative destruction causes poverty and misery before raising overall living standards.

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Definitions:

Political Beliefs

Political beliefs are individual or collective ideas regarding how a country should be governed, including opinions on public policies, governmental systems, and political ideologies.

Career Civil Servant

A government employee who works in public sector organizations and is not appointed based on political affiliation but on professional merit.

Political Appointee

An individual who is appointed to a governmental position by a political leader rather than through a merit-based or competitive process.

Federal Bureaucracy

The agencies and employees of the executive branch of the Federal government responsible for implementing and administering federal laws and policies.