Globalization
A) has greatly improved living standards around the world.
B) has significantly reduced living standards around the world.
C) has opened doors to only a handful of markets.
D) has greatly changed companies that hire people to sell products, but not companies that hire people to provide services.

Question

Quizplus · Accepted Answer

Globalization has enabled greater access to markets, trade, and technology, leading to increased economic growth and higher standards of living in many parts of the world. However, it is important to acknowledge that globalization has not benefited everyone equally, and some individuals and communities have been negatively impacted. Nonetheless, on balance, the evidence suggests that globalization has led to improvements in living standards around the world.