According to globalization opponents, what is a disadvantage of globalization? Multiple Choice Free trade limits countries from specializing in production of goods and services they can produce most efficiently. As a result of globalization, living standards of unskilled workers in developed nations have declined.
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- Several countries currently have national laws against ecocide -- the willful or negligent destruction of ecosystems -- but these laws rarely result in penalties. Advocates believe that international prosecution for crimes of ecocide via an "ecocide law" at the International Criminal Court (ICC) would allow the prosecution of powerful firms and countries for environmental harm violations. What overall impact do you think an international ecocide law would have on globalization? Explain your answer.What are the positive effects of globalization? Identify and critique each clearly.Which of the following is nottrue about globalization? It: Has been universally welcomed and appreciated in all world markets Helps firms in their efforts to supply products and output in the international marketplace Has increased the choice available to consumers Led to greater exchange and sharing transnationally
- What do we mean by economic globalization? What are the actors that facilitate economic globalization?Why does globalization require a country to adopt a liberal market economy?Which of the below statements does NOT reflect the ideas expressed by the author Charles Wheelan in the chapter titled, "Trade and Globalization," in the book, Naked Economics: Undressing the Dismal Science? In short, which of the below statements, in one form or the other, DOES NOT match the ideas expressed by Wheelan in this chapter? Group of answer choices Trade lowers the cost of goods for consmers, which is the same as raising their incomes. The comparative advantage of workers in poor countries is cheap labor. There are no losers in international trade and globalization. Within each economy engaging in trade all workers in all economies gain from trade. Trade is based on voluntary exchange.
- Which of the below statements does NOT reflect the ideas expressed by the author Charles Wheelan in the chapter titled, "Trade and Globalization," in the book, Naked Economics: Undressing the Dismal Science? Group of answer choices A majority of U.S. jobs lost since 2000 have been to technology and not to China, Vietnam or Mexico. Nearly all theory and evidence suggest that the benefits of international trade far exceed the costs. Tariffs and other barriers to imports will bring manufacturing jobs back into the U.S., exactly as President Trump promised. Trade creates losers, like any kind of market.identify the factors that facilitate economic globalization.What is economic globalization? Is it purely evil or is it a necessary evil? Why?