What is an entrepreneur?
What will be an ideal response?
An entrepreneur is an individual who organizes, manages, and assumes the risk of a new firm.
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It is relatively easy to prescribe a cure for financial crises that result from inconsistent macroeconomic policies
Indicate whether the statement is true or false
Which of the following statements accurately expresses evidence that globalization does not encourage a "race to the bottom" in labor standards?
a. The wages paid by multinational firms to their poor countries' subsidiaries are higher than the wages paid in rich countries. b. Poor countries that participate in globalization have quickly become rich. c. Multinational firms tend to pay higher wages than local firms, but they tend to provide lower benefits than existed in the country prior to globalization. d. Multinational firms must sign contracts with the IMF stating that they will offer exceptional worker benefits. e. Multinational firms tend to pay higher wages than local firms and tend to provide greater benefits for workers than existed in the country prior to globalization.