Identify the incorrect statement concerning globalization.
A)It has been blamed for unemployment in developed nations,environmental degradation and the Americanization of popular culture.
B)It has created new threats for businesses accustomed to dominating their domestic markets.
C)It is transforming industries and is highly welcomed by those who believed their jobs were protected from foreign competition.
D)According to most economists it is a very beneficial process where gains outweigh the losses by a wide margin.

Question

Quizplus · Accepted Answer

Globalization is often met with resistance by those who feel their jobs are threatened by foreign competition, rather than being highly welcomed.

Identify the Incorrect Statement Concerning Globalization