Supporters of globalization argue that increased globalization will lead to:
A)increased living standards.
B)decreased budget deficits.
C)decreased trade deficits.
D)currency appreciation.
E)monetary stability.

Question

Quizplus · Accepted Answer

Supporters of globalization argue that increased trade and investment will lead to increased economic growth and higher living standards. This is because globalization can increase competition, reduce prices, and create new jobs, which can benefit consumers, workers, and businesses alike. However, this argument has also been criticized for its potential negative impact on labor and environmental standards, inequality, and political sovereignty.

Supporters of Globalization Argue That Increased Globalization Will Lead To