121. Which of the following statements is true about the implications of globalization on
developing countries?
122. As a result of globalization, the _____ in the United States has increased.
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?
124.
(p. 30)
Which of the following must be true if the critics of globalization are correct?
125. Globalization critics argue that the decline in unskilled wage rates in advanced
economies is due to the:
126. Growing income inequality between the skilled and unskilled workers in advanced
nations, such as the United States, is a result of the:
127. In the context of the environment, globalization critics argue that:
128. The NAFTA was formed in 1994 between:
129. Which of the following is the most appropriate solution to the problem of rising carbon
dioxide emissions in developed economies?
130. A concern voiced by critics of globalization is that today’s increasingly interdependent
global economy shifts economic power toward:
131. As perceived by critics of globalization, the national sovereignty of democratic states and
the ability to control their own destiny has been undermined due to the:
132. Which of the following falls under the functions of the WTO?
133. Which of the following is a major reason for some of the world’s poorest countries to have
suffered from economic stagnation?
134. Free trade alone, some argue, is a necessary but not sufficient prerequisite to help the
world’s poorest countries bootstrap themselves out of poverty. They also recommend:
135. The minimum that a firm has to do to engage in international business is to: