Question

A supporter of globalization would agree that

Multiple Choice

• stricter labor standards eventually result in an economic downturn.

• a lack of environmental standards results in more job opportunities in developed nations.

• free trade agreements should be tied to higher environmental standards.

• environmental regulations need to be standardized around the world to equalize the economy.

Answer 1

Answer: 2^nd option

Globalization is the open door policy of international trade or business. As per the rule, more business means more environmental damage; in order to protect the environment governments of various countries used to come forward with policies for restricting trade up to a certain standards. Such protection-policy actually limits globalization. Therefore, a supporter may not like it. Rather, he likes lack of environmental restriction that creates more business, more employment, and more job opportunities; it becomes possible because lot of foreign investments should come in the soil of developed nations.