4. Which of the following is an argument in favor of globalization?

&a. There is evidence of a “race to the bottom” in labor standards as multinational firms search the world for the lowest labor costs.

&b.Multinational firms produce goods for international markets at the expense of local markets.

&c. Multinational firms are attracted by the prospects of consumer markets in developing countries.

&d.World organizations provide a forum for corporate elites to secure legislation that will benefit them.

&e. Poor countries compete for multinational cor porations by permitting lax labor standards.