Author Question: Which of the following is not considered a criticism of globalization? a. International ... (Read 74 times)

HCHenry · **on:** Jun 30, 2018

Which of the following is not considered a criticism of globalization?
a. International corporations serve only the interests of the corporations.
b. Globalization promotes free but not fair trade.
c. Globalization encourages harmful labor practices.
d. Globalization promotes only trade based on comparative, and not absolute advantage.
e. Globalization occurs at the cost of environmental quality.

Question 2

If there are both external benefits and external costs associated with the production and consumption of a good, and the external benefits are equal in magnitude to the external costs,
a. More than the efficient amount is being produced
b. Less than the efficient amount is being produced
c. the efficient amount is being produced
d. We do not know whether the efficient amount, or more or less, is being produced.