ECONOMICS
ECONOMIC DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
political affiliation
|
|
|
gross domestic product (GDP)
|
|
|
property tax rates
|
|
|
manufacturing locations
|
|
|
transportation costs
|
Detailed explanation-1: -Which of the following is the primary geographic effect of the globalization of the economy? Production is shifted to low-cost locations in developing countries.
Detailed explanation-2: -Explanation: Industrial production can be outsourced from economically developed nations (i.e., the United States) to developing nations (i.e., India) to save costs. The cost of labor tends to be cheaper in developing nations; more specifically wages are lower/less costly for women than for men.
Detailed explanation-3: -The Clean Air Act has a proven record of public health and environmental protection since 1970.
Detailed explanation-4: -Deindustrialization is not a negative phenomenon, but a natural consequence of further growth in advanced economies. The main reason for deindustrialization is the faster growth of productivity in manufacturing than in services.