Which of the following has increased in the United States as a result

QUESTION

Which of the following has increased in the United States as a result of globalization?

A. Unemployment rate

B. Price of goods and services

C. Demand for unskilled workers

D. Standard of living

E. Income equality between workers in skilled and unskilled sectors

ANSWER

A
The popular feeling is that when corporations such as Dell, IBM, or Citigroup outsource service activities to lower-cost foreign suppliers—as all three have done—they are “exporting jobs” to low-wage nations and contributing to higher unemployment and lower living standards in their home nations (in this case, the United States).