One of the benefits of globalization is that it:

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Question context: One of the benefits of globalization is that it: 
Option 1: Reduces prices for consumers. This is a commonly cited benefit of globalization, as increased competition, easier access to a wider range of goods, and more efficient production can lead to lower prices for consumers. The reasoning here hinges on market access and economies of scale driving cost reductions, which can translate into lower consumer prices over time. 
Option 2: Weakens environmental and labor standards. This option reflects a critique of globalization rather than a universally accepted benefit. In some cases, globalization can put pressure on countries to lower standards to attract investment, but it is not an inherent benefit and depends on policy responses, enforcement, and international agreements. Therefore, this label as a benefit is inaccurate or at least not universally true. 
Option 3: Erodes regional and national cultures. This is another critical perspective on globalization, highlighting cultural homogenization or loss of local traditions. As a benefit, this claim is not valid; it describes a potential risk or drawback rather than a benefit. 
Option 4: All answers are correct. Given that options 2 and 3 describe potential drawbacks rather than benefits, this blanket statement cannot be considered accurate as a benefit. The claim assumes that the listed drawbacks are benefits, which conflicts with standard interpretations of globalization’s advantages. 
Putting the pieces together, the strongest benefit among the options is Option 1, since it aligns with the economic logic that globalization can lower consumer prices through competition and efficiency. The remaining options describe potential downsides or broad critiques that are not universally acknowledged as benefits. 
In summary, the reasoning behind Option 1 rests on competition, scale, and access driving lower prices, while Options 2 and 3 reflect criticisms rather than benefits, and Option 4 incorrectly asserts that all statements are benefits.

MGS352001.2025FA Exam I

One of the benefits of globalization is that it:

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MGS*3520*01.2025FA Exam I

One of the benefits of globalization is that it:

View Explanation

Log in for full answers

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Question at position 2 Globalization isthe creation of international computer networks.the way that stock exchanges stay open 24 hours a daythe adoption of global Internet standards.the process of creating a worldwide network of businesses and markets.

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MGS352001.2025FA Exam I