A common economically unfounded fear held by laypeople is that:
A) globalization will result in the United States losing most jobs because wages are so much higher in the United States.
B) globalization will result in dramatically higher prices because most services will be outsourced.
C) the United States has a comparative advantage in the production of all goods.
D) a U.S. trade surplus will result in a dramatically lower dollar.

Question

Quizplus · Accepted Answer

Globalization often leads to job shifts rather than losses, as it allows countries to specialize in industries where they have a comparative advantage, potentially creating new job opportunities.

A Common Economically Unfounded Fear Held by Laypeople Is That