What historical event or phenomenon does Frankel use to support the argument that globalization is not irreversible?
a. the fragmentation of states resulting from the collapse of the Soviet Union
b. the political forces that fragmented the world for thirty years between 1914 and 1944
c. the decline in world trade and manufacturing during the initial years of the Cold War
d. the global economic recession and corresponding reduction in trade of the 2008–2009 period
e. the global contraction of trade and wealth that resulted from both energy commodity scares and protectionist measures in the early 1970s
Answer: b
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A) Older D) All of the above B) Wealthier E) None of the above C) more educated
Unemployment is the percentage of people who
a. are not drawing an income from a job. b. are seeking work but cannot find it. c. do not receive a pension when they retire. d. have quit their jobs in the last quarter. e. are receiving welfare.