Chapter 11 Globalization and Financialization Answer Key
True / False Questions
1. Globalization occurs when there is increased economic integration among countries.
TRUE
Accessibility: Keyboard Navigation
Difficulty: 1 Easy
Learning Objective: 11-01 Discuss the key elements of globalization and how they affect the employment relationship and labor relations.
2. Financialization can be defined as the increased reliance upon financial markets, motives, results, and institutions, rather than on sales of goods and services, to generate profits.
TRUE
Accessibility: Keyboard Navigation
Difficulty: 1 Easy
Learning Objective: 11-01 Discuss the key elements of globalization and how they affect the employment relationship and labor relations.
3. Globalization and financialization are both increasing but relatively independent trends in the world economy.
FALSE
Accessibility: Keyboard Navigation
Difficulty: 1 Easy
Learning Objective: 11-01 Discuss the key elements of globalization and how they affect the employment relationship and labor relations.
4. Globalization opens up greater financial opportunities for companies while also adding foreign competition that could potentially reduce financial returns.
TRUE
Accessibility: Keyboard Navigation
Difficulty: 2 Medium
Learning Objective: 11-01 Discuss the key elements of globalization and how they affect the employment relationship and labor relations.
5. Financialization increases global integration of business which in turn creates pressure to generate the highest financial returns possible through further free trade agreements and globalization of markets.
TRUE
Accessibility: Keyboard Navigation
Difficulty: 2 Medium
Learning Objective: 11-01 Discuss the key elements of globalization and how they affect the employment relationship and labor relations.
6. Globalization and financialization, while interdependent, have different consequences for the distribution of power, income, wealth, and economic growth internationally.
FALSE
Accessibility: Keyboard Navigation
Difficulty: 2 Medium
Learning Objective: 11-01 Discuss the key elements of globalization and how they affect the employment relationship and labor relations.
7. Expanding multinational corporations undermine national labor unions and government regulations.
TRUE
Accessibility: Keyboard Navigation
Difficulty: 1 Easy
Learning Objective: 11-01 Discuss the key elements of globalization and how they affect the employment relationship and labor relations.
8. Increased capital mobility means there is less need to move jobs internationally.
FALSE
Accessibility: Keyboard Navigation
Difficulty: 2 Medium
Learning Objective: 11-01 Discuss the key elements of globalization and how they affect the employment relationship and labor relations.
9. Globalization and financialization are both increasing but relatively independent trends in the world economy.
FALSE
Accessibility: Keyboard Navigation
Difficulty: 1 Easy
Learning Objective: 11-01 Discuss the key elements of globalization and how they affect the employment relationship and labor relations.
10. Globalization increases the demand for unskilled labor in the U.S. which in turn reduces labor’s bargaining power.
FALSE
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