Which statement best explains
the phrase "glebal transfer of
wealth" as it is used in this
seetlen?
EXPLANATION
Paragraph 15 explains, "These
changes led to a global
redistribution of wealth. As factories
in the Western world shut down
became mechanized, or moved
overseas, the living standard of
working class people declined.
However, the Chinese working class
gained more wealth as more
factories opened and more jobs
were created,"
SELECT AN ANSWER
A). Workers in
more
Industrialized
nations
decided to
Invest in new
technology
in other
countries,
thus
transferring
their wealth
overseas
B). Jobs and
wealth
moved
from
countries
where
workers
earned
higher
wages to
countries
where
workers
are paid
lower
wages.
C). Exchange
rates were
no longer
fixed, so
companies
could
more
freely
transfer
cash
around the
world.
D). After retiring,
workers who
were paid
well in
industrialized
nations
moved to
different
countries
where the
cost of living
was lower.