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Question
Critics of globalization say that exporting jobs to low-wage nations results in higher unemployment and lower living standards in their home nations. Which of the following statements does NOT support this argument?A.Globalization destroys manufacturing jobs in wealthy advanced economies.
B.Globalization demonstrates a structural adjustment to a more integrated global economy.
C.Globalization results in depressed wages in developed nations.
D.Globalization leads to economic dislocation in most cases.
E.Globalization induces a decline in the share of labor in national income.
Answer
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