The downside of increased globalization is:
A. global financial contagions are less likely
B. a severe crisis in one region can affect the entire globe
C. one nation may become too powerful
D. the potential for increased exploitation of undeveloped nations by developed nations
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After the United States, the second-largest source country of MNEs is:
A. Japan
B. China
C. a tie between France and the United Kingdom
D. a tie between Germany and the United Kingdom
In order to be classified as an MNE, a company must have productive activities in at least _____ countries.
A. two
B. three
C. four
D. twenty
Supporters of globalization maintain that the apparent decline in real wage rates of unskilled workers:
A. is due to technological changes that create greater demand for skilled workers
B. is due to the migration of low-wage manufacturing jobs offshore
C. can be checked by increasing government ownership of enterprises
D. can be checked by limiting free trade and foreign investment
A study published in 2011 by the OECD noted that:
A. the real household income of the unskilled workers in the United States increased more in comparison to that of the skilled workers.
B. in almost all countries real income levels declined over the 20-year period studied
C. the falling unemployment rates brought gains to low-wage workers and fairly broad-based wage growth.
D. the gap between the poorest and richest segments of society in some OECD countries had widened.
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