Which of the following statements describes one of the benefits of increased globalization?
A)Millions of Canadians have filled jobs created by imports and production shifts abroad.
B)Because of world trade, Canadians have seen price reductions in certain products.
C)Because jobs are threatened by exports, employers are issuing pay-cut demands to their workers.
D)Export jobs typically pay less money than other jobs.

Question

Quizplus · Accepted Answer

Increased globalization has led to more world trade, which has increased competition among companies. This has in turn led to price reductions in certain products due to increased efficiency and lower production costs. As a result, Canadians have benefited from lower prices on imported goods.

Which of the Following Statements Describes One of the Benefits