Which of the following is true of globalization?
A)It expands economic freedom and increases the living standards of people.
B)It relies on strong government regulations to keep down prices.
C)It fails to offer access to advanced technology in less developed countries.
D)It makes it easier for governments to abuse the freedom and property of their citizens.

Question

Quizplus · Accepted Answer

Globalization allows for greater access to international markets, which can lead to increased economic growth and higher living standards for people. This is often achieved through the reduction of trade barriers and the promotion of free trade.

Option B is incorrect as globalization often promotes market competition, which may result in lower prices, but not necessarily through government regulation.

Option C is incorrect as globalization enables countries to access technology and knowledge from other countries, which can help to reduce technological disparities.

Option D is incorrect as globalization can promote greater transparency and accountability, which can help to curb government abuses of power.

Which of the Following Is True of Globalization