Globalization ________ the wages of workers in the exporting industries and ________ the wages of workers in the import-competing industries.
A)raises; raises
B)raises; lowers
C)raises; does not change
D)lowers; raises

Question

Quizplus · Accepted Answer

In industries where U.S. foreign competition is weak, like airplanes and chemicals, workers see increasing wages due to increased demand for such workers with globalization. Conversely, in industries where foreign competition is strong, like textiles, U.S. workers see falling real wages due to decreased demand for such workers.

Globalization ________ the Wages of Workers in the Exporting Industries