Question :
121.Which of the following statements true about the implications of : 1299190
121.Which of the following statements is true about the implications of globalization on developing countries?
A. Globalization has depressed wages in developing nations.
B. Among the developed countries, the earnings gap between workers in skilled and unskilled sectors has widened.
C. Globalization is increasing the wage gap between developing and developed nations as developed nations experience rapid economic growth.
D. The citizens of developing countries have achieved higher living standards due to globalization.
E. Globalization has destroyed manufacturing jobs in developing economies.
122.As a result of globalization, the _____ in the United States has increased.
A. unemployment rate
B. price of goods and services
C. demand for unskilled workers
D. standard of living
E. income equality between workers in skilled and unskilled sectors
123.Supporters of globalization insist that dislocation in the form of lost jobs is a trade-off that will ultimately lead to the economy being better off. Which of the following is being justified in this case?
A. Protectionism and retaliatory trade policy
B. Free trade of goods and services
C. Rise of Communism
D. High tariff on imports of manufactured goods
E. The need to be a self-contained nation
124.A. The share of national income received by labor, as opposed to the share received by the owners of capital should have increased in advanced nations.
B. A decline in the labor’s share of the economic pie means lower living standards.
C. The decline in labor’s share of national income is due to improvement in production technology and productivity.
D. Decline in unskilled wage rates is due to the shift within advanced economies toward jobs that do not require significant education and skills.
E. The real labor compensation has expanded in most developed nations since the 1980s.
125.Globalization critics argue that the decline in unskilled wage rates in advanced economies is due to the:
A. migration of low-wage manufacturing jobs offshore.
B. technology induced shift toward jobs that require significant education and skills.
C. increased supply of highly skilled workers.
D. reducing demand for unskilled workers in developing nations.
E. reducing national differences in the cost of labor between developed and developing nations.
126.Growing income inequality between the skilled and unskilled workers in advanced nations, such as the United States, is a result of the:
A. wages for skilled workers being bid up by the labor market and the wages for unskilled workers being discounted.
B. decrease in the outsourcing of low-wage manufacturing jobs offshore and a corresponding increase in demand for unskilled workers.
C. shift within advanced economies toward jobs where the only qualification is the willingness to turn up for work every day.
D. increasing wage gap between developing and developed nations.
E. shortage of unskilled workers and an excess supply of highly skilled workers.
127.In the context of the environment, globalization critics argue that:
A. free trade discourages firms from advanced nations to move manufacturing facilities to less developed countries.
B. adhering to labor and environmental regulations significantly increases the costs of manufacturing enterprises.
C. manufacturing enterprises are put at a competitive disadvantage by moving their production facilities to nations that do not have burdensome regulations.
D. as countries get richer, they relax their environmental and labor regulations.
E. while pollution levels are rising in the world’s richer countries, they have been falling in developing nations.
128.The NAFTA was formed in 1994 between:
A. Canada, Mexico, and the United States.
B. the United States, Brazil, and Argentina.
C. Canada, Argentina, and Mexico.
D. Columbia, Venezuela, and Brazil.
E. Uruguay, Columbia, and Costa Rica
129.Which of the following is the most appropriate solution to the problem of rising carbon dioxide emissions in developed economies?
A. Roll back the trade liberalization efforts that have fostered economic growth and globalization.
B. Tie free trade agreements to the implementation of fewer environmental and labor laws in less developed countries.
C. Get the nations of the world to agree to policies designed to limit pollutant emissions.
D. Increase the export of low-wage manufacturing jobs to developing nations
E. Restrict international trade and investment only to services.
130.A concern voiced by critics of globalization is that today’s increasingly interdependent global economy shifts economic power toward:
A. supranational organizations such as the World Trade Organization.
B. the communist states of eastern Europe and central Asia.
C. the medium-size and small U.S. multinationals
D. the national governments of the countries participating in globalization.
E. nations that have authoritarian form of government.
