The shift of industry to developing countries has resulted in –Group of answer choicesa lower standard of living in developing countries.higher unemployment in developing countries.an industrial decline in the United States and Europe.tighter trade restrictions across the globe.

QuestionAs a less developed country’s economy evolves, the size of the primary sector, the size of the secondary sector, and the size of the tertiary sectors fluctuate. Which of the following statements best describes the highest level of job-opportunity change as countries shift from the periphery to the semiperiphery level of development?ResponsesPrimary sector employment increases as the country’s domestic demand for food and energy increases.Primary sector employment increases as the country’s domestic demand for food and energy increases.Primary sector employment increases as the country’s economy becomes increasingly export oriented.Primary sector employment increases as the country’s economy becomes increasingly export oriented.Tertiary sector employment grows more quickly than any other sector because of foreign direct investment.Tertiary sector employment grows more quickly than any other sector because of foreign direct investment.Secondary sector employment increases as the demand for manufactured products increases.Secondary sector employment increases as the demand for manufactured products increases.Secondary and tertiary sector employment declines as factories and offices are increasingly automated.

Developed countries with larger economies tend to have higher rates of negative social & health issues (such as lower life expectancies, higher rates of teenage births, higher rates of incarceration, etc.).Group of answer choicesTrueFalse

Other things being equal, the rate of new product development seems to be greater in countries whereMultiple Choiceconsumers belong to lower social strata.underlying domestic demand is weak.intense competition is present.infrastructure is in the developing phase.

Which of the following trends affecting U.S. workers has resulted from the expansion of the global economy?A.tighter governmental control over the economyB.fewer opportunities for many workers in the United States due to global competition and outsourcing abroadC.better working conditionsD.higher living standards for all

Export-led growth tends toQuestion 12Answera.lead to unemployment among domestic workers.b.discourage competition in the global economy.c.exploit domestic comparative advantages.d.help firms benefit from small-scale production.