Post Utme Lautech 2023 Government Question 32

Practice objective / multiple choice question 32 from the 2023 Post Utme Lautech Government examination.

Post Utme Lautech 2023 Government Objective / Multiple Choice

Question 32 POST_UTME_LAUTECH • 2023 • GOVERNMENT • objective

The concept of globalization in economics refers to the increasing interconnectedness of the world's economies. Which of the following best describes the impact of globalization on employment?

Answer Options

A. Globalization has led to an increase in employment opportunities as companies outsource jobs to developing countries.

Correct Answer B. Globalization has led to a decrease in employment opportunities as companies automate jobs and reduce labor costs.

C. Globalization has had no impact on employment as companies have created new jobs to replace those lost due to automation.

D. Globalization has led to an increase in employment opportunities as companies have invested in new technologies and created new jobs.

Correct Answer

Correct Option:

Globalization has led to a decrease in employment opportunities as companies automate jobs and reduce labor costs.

About This Question

This is Post Utme Lautech 2023 Government Question 32. It is one of the objective questions from the 2023 Post Utme Lautech Government examination.

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