One effect that globalization has had on employment and income is:
A) Globalization has indirectly stimulated employment in some industries by increasing the spending power of consumers.
B) Globalization has increased domestic wages.
C) Globalization has decreased the number of available jobs in virtually all industries.
D) None of the above

Question

Quizplus · Accepted Answer

Globalization can lead to increased consumer spending power due to lower prices and access to a wider range of goods, which can stimulate employment in certain industries.

One Effect That Globalization Has Had on Employment and Income