Which of the following is a result of participation in global markets for producers?
A) less competition
B) greater access to factors of production
C) a significant increase in risks
D) less need for innovation because many nations are less developed and thus need simpler technology

Question

Quizplus · Accepted Answer

Participation in global markets provides producers with greater access to factors of production such as cheaper raw materials, labor, and technology. This can help reduce production costs and increase profits.

Which of the Following Is a Result of Participation in Global