Globalization has given U.S. consumers a wider variety of gourmet food products from which to choose and has lowered the prices of these products in general. This, in turn, has encouraged consumers to buy more gourmet food items, which has ________ the amount of cooperative surplus for the buyers and sellers of gourmet food products.

Question

Quizplus · Accepted Answer

Globalization has expanded the variety and reduced the prices of gourmet food products, leading to increased purchases. This benefits both buyers and sellers, thereby increasing the cooperative surplus.

Globalization Has Given U