Which of the following describes the effect of economic globalization on wealthy nations like the United States?
A) New openings in the global economy contributed to the expansion of the middle class.
B) Jobs in the low-wage service sector declined and jobs in manufacturing sharply increased.
C) A shifting global division of labor resulted in the loss of many manufacturing jobs.
D) Increased total world output diminished income disparities and created economic equality.
Correct Answer:
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