Question

both globalization and regulation have created more choice in the market and therefore more variety in supply and demand, created jobs, and reduced local manufacturing jobs.

○ false

○ true

Explanation:

Globalization expands market access, increasing choice and variety in supply - demand. It creates jobs in new sectors but can reduce local manufacturing jobs as production may shift. Regulation can also shape markets to offer more options (e.g., by promoting competition) while having complex impacts on job types, including reducing local manufacturing jobs in some cases. So the statement is true.

Answer:

True