The Globalization
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Questions and Answers

Who benefits from economic and trade globalization?

  • High wageworkers
  • Companies searching for the cheapest sources (correct)
  • Countries with the lowest wages
  • Consumers who get products at a cheaper price
  • What is the result of companies searching for the cheapest place to make their products?

  • High wageworkers benefit from increased wages
  • Countries with the strongest regulations benefit
  • Labor-intensive products are produced in countries with the lowest wages (correct)
  • Consumers pay higher prices for products
  • According to Hans Rosling, what is the worst thing about globalization?

  • Companies trying to outmaneuver their competitors
  • The 1 to 2 billion poorest suffering from globalization deficiency (correct)
  • The way globalization is occurring
  • Being part of globalization
  • Who are the losers in the process of economic and trade globalization?

    <p>High wageworkers who used to make those products</p> Signup and view all the answers

    What do companies search for when trying to outmaneuver their competitors?

    <p>The cheapest sources of leather, dye, rubber, and labor</p> Signup and view all the answers

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