📚 Learning Guide
Income Disparities in Nations
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How has globalization affected economic mobility in various countries, particularly in relation to income disparities?

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Choose the Best Answer

A

Globalization has decreased income disparities by increasing job opportunities.

B

Economic mobility has remained unchanged due to globalization.

C

Globalization has increased income disparities by favoring skilled workers.

D

Economic mobility has only improved in developed nations due to globalization.

Understanding the Answer

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Answer

Globalization has greatly influenced economic mobility in many countries by connecting them to a larger world market. This means people can access more job opportunities, which can help them earn a better income. However, while some individuals and regions have benefited and moved up the economic ladder, others have fallen behind, leading to greater income disparities. For example, in a country like India, many skilled workers have found jobs in technology and finance, improving their incomes, while those in rural areas without access to education or resources struggle to compete. Overall, globalization creates both opportunities and challenges, making it important for governments to address these income gaps to ensure everyone can benefit.

Detailed Explanation

Globalization has made it easier for skilled workers to find jobs in many countries. Other options are incorrect because Some might think that more jobs help everyone equally; It's a common belief that things stay the same.

Key Concepts

economic mobility
globalization effects
Topic

Income Disparities in Nations

Difficulty

medium level question

Cognitive Level

understand

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