Which of the following is an argument for globalization?
A)Poor countries compete for multinational firms by allowing lax environmental standards.
B)Multinational firms tend to pay lower wages than local firms.
C)The benefits of globalization to all consumers greatly outweigh the loss of jobs to international competition.
D)Removal of restrictions against agricultural products would cause workers in rich countries to lose their jobs.
E)The increased integration of the world's economies has been associated with lax environmental and labor standards in most countries.

Question

Quizplus · Accepted Answer

The argument for globalization is that the benefits to consumers outweigh the job losses due to international competition. This suggests that globalization leads to lower prices and more choices for consumers, which can improve their overall standard of living.

The other options either provide arguments against globalization or describe negative consequences associated with it, such as environmental degradation (option A and E), lower wages for workers (option B), or job losses for workers in rich countries (option D).

Which of the Following Is an Argument for Globalization