Which of the following statements is NOT true regarding the globalization of labor?
A) The use of child or slave labor can be used to gain an unfair advantage over companies that pay a fair wage.
B) Mobility of businesses and labor is an integral component of the international economy.
C) Corporations will always benefit by moving to a country where labor is less expensive.
D) Studies show that multinational corporations need for skilled labor can encourage countries to increase spending on education and health care.

Question

Quizplus · Accepted Answer

While corporations may benefit in the short-term by moving to a country with cheaper labor, this does not always translate into long-term benefits as they may face ethical concerns and a negative public image. Additionally, some corporations may prioritize other factors such as access to resources or a favorable business climate over labor costs.

Which of the Following Statements Is NOT True Regarding the Globalization