Which of the following statements about the globalization of the economy is FALSE?
A)Globalization of economic activities provides lower-cost goods for consumers in advanced industrial nations.
B)Culture wars have arisen as a result of the social problems caused by globalization,and have made it difficult to arrive at ways to solve social problems.
C)Economic globalization takes jobs away from workers in the world's wealthier nations.
D)Globalization of economic activities provides higher-cost goods for consumers in advanced nations because of increased production and transportation costs.
E)Technology-dependent globalization has facilitated new forms of crime (such as identity theft)and social problems,such as the spread of new diseases.

Question

Quizplus · Accepted Answer

The statement that globalization of economic activities provides higher-cost goods for consumers in advanced nations because of increased production and transportation costs is false. In reality, globalization often leads to lower production costs due to access to cheaper labor and resources in developing nations, which in turn leads to lower prices for consumers in advanced nations. This is one of the main benefits of economic globalization.

Which of the Following Statements About the Globalization of the Economy