Question

Opponents of globalization argue that falling trade barriers

A. allow firms to move manufacturing activities to countries with lower wage rates.
B. create manufacturing jobs in wealthy advanced economies.
C. force countries to maintain manufacturing in their home countries regardless of wage rates.
D. reduce the pool of global labor.

Answer 1

Answer:

(A) allow firms to move manufacturing activities to countries with lower wage rates

Explanation:

One concern frequently voiced by globalization opponents is that falling barriers to international trade destroy manufacturing jobs in wealthy advanced economies such as the United States and Western Europe. Critics argue that falling trade barriers allow firms to move manufacturing activities to countries where wage rates are much lower.