Which of the following statements is false?
A) India and China are examples of countries that have been opening up their economies to globalization.
B) Globalization will cause some people to lose jobs, but even without globalization, some people will lose jobs.
C) The end of the Cold War is one of the factors that many believe has lead to an increase in globalization.
D) Income per person has decreased in China and India in recent decades.
D
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Capital formation in the colonies was mostly due to
a. savings and investments from the colonists themselves. b. capital inflows from English merchants. c. capital inflows from the English crown. d. capital inflows from international sources other than England.
If demand is relatively elastic and supply is relatively inelastic, then the incidence of a tax will fall mainly on consumers
a. True b. False Indicate whether the statement is true or false