Which of the following statements is true of globalization?
A) It expands economic freedom and increases the living standards of people.
B) It increases prices and decreases product and service quality.
C) It has curbed the growth of the middle class in developing countries.
D) It leads to a monopoly of domestic producers.

Question

Quizplus · Accepted Answer

Globalization often leads to expanded economic freedom and can increase living standards by providing access to a wider range of goods and services, fostering competition, and encouraging innovation.

Which of the Following Statements Is True of Globalization