Which of the following is a potential disadvantage to consumers of the globalization trend among businesses?
A) increased costs of goods
B) lower minimum wage
C) increased insurance costs
D) higher labor union fees
E) reduced job security

Question

Quizplus · Accepted Answer

One potential disadvantage of globalization for consumers is reduced job security. As businesses expand globally, they may move jobs to countries with lower labor costs, which can lead to job losses in their home country. This can result in a decrease in consumer confidence and spending, which can have negative effects on the economy.

Which of the Following Is a Potential Disadvantage to Consumers