One concern voiced by critics of globalization is that:

• A. it eliminates all trade barriers between nations
• B. it guarantees economic growth for every country involved
• C. it can lead to increased income inequality within countries
• D. it always results in higher wages for all workers

Answer: (C)

Verified step by step guidance

1. Step 1: Understand the context of globalization in microeconomics, which involves the integration of markets and the reduction of trade barriers between countries.
2. Step 2: Recognize that globalization can have various effects, including changes in income distribution within countries, not just overall economic growth or wage increases.
3. Step 3: Analyze why globalization might lead to increased income inequality: it can benefit certain sectors or skilled workers more than others, causing wage disparities.
4. Step 4: Compare the given options and identify that the statement 'it can lead to increased income inequality within countries' reflects a common criticism supported by economic evidence.
5. Step 5: Conclude that while globalization reduces trade barriers and can promote growth, it does not guarantee equal benefits for all workers, hence the concern about income inequality.