1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sergij07 [2.7K]
3 years ago
12

Decide whether each item is a benefit or cost of economic globalization.

History
1 answer:
emmainna [20.7K]3 years ago
4 0
access to a larger market
This is a benefit of economic globalization since it will open up a wide range of national, regional, and a lot of other markets in which resources, goods, and services as well as information are free-flowing. Every market will therefore have access to the products of various other markets in the whole world.

loss of jobs in developed countries
Economic globalization has led to an improvement in the developing countries. Unfortunately, this had a negative effect on the jobs already available in the developed countries since the decrease of poverty in other developing countries would cause some immigrants to leave their jobs in the developed countries to go back to their homelands, where significant improvement is already seen.

This is therefore a cost of economic globalization.

depletion of natural resources
Economic globalization would encourage markets to produce a lot more compared to the usual situation since they can export their resources to other markets in various places of the world. This would then lead to some markets specializing based on what they have, causing them to utilize their natural resources more frequently. 

Depletion of natural resources is therefore a cost of economic globalization.

increase in production of goods
Because of the free-flowing marketplace of goods and services brought by economic globalization, most markets would see a significant increase in the demand of their products. This will lead them to increase their production to meet that demand. Since they can freely export these goods, increasing the production would yield them more profit than usual, thus this will be a benefit of economic globalization.



You might be interested in
We’re the founders wrong to want to keep the presidency free of partisan differences?
vodomira [7]

Answer:

No, they weren't

Explanation:

The decisions made by the president will affect all Citizens, regardless of their political affiliation.  By keeping the presidency free of partisan differences, the founding fathers hoped that the president could create policies that are suitable for the Country's needs and  benefited the majority of the people. O

The founding fathers  believe that It is impossible for the president to satisfy all citizens. Each citizens have their own interest which might oppose the interest of other citizens.

4 0
3 years ago
which of the following was not a cause of world war 1? choices are american isolation or imperialist competition​
Yanka [14]

Answer:

imperialist competition

Explanation:

The main cause for the World War I was the imperialist competition between the nations. Some of the nations thought that the political and economic influence and power and not redistributed evenly, and that they should be, so Germany and Austria-Hungary wanted some of the colonies that the other nation controlled. That was not seen fondly by the nations that had colonies, as they fought for those colonies and invested a lot in them. The tensions grew even more because of that so after the assassination of Franz Ferdinand, it was all triggered and the war started.

8 0
3 years ago
What is technology, and how does it relate to the production of goods?
Anestetic [448]

Answer:

Technology is the sum of techniques, skills, methods, and processes used in the production of goods or services or in the accomplishment of objectives, such as scientific investigation. Smart technologies, such as sensors, can help manufacturers better design, measure, predict and control all aspects of the manufacturing process. As a result, these traditional manufacturing processes become more productive and efficient.

Explanation:

Hope this helps :D

and feel free to click that thanks button

4 0
3 years ago
On what grounds did the Austrian-born economist Friedrich A. Hayek reject the New Deal state?
GenaCL600 [577]

The correct answer is letter C.

Explanation:  Liberal economist Friedrich Hayek, identified in early 1929 that the economic boom would end. And it was right. The result of this state intervention in the economy was the crash of the New York Stock Exchange in October 1929, which, until today, is mentioned by the enemies of liberty as the fault of "capitalism."

5 0
3 years ago
The Marshall Plan was devised to provide European Countries with economic aid regardless of their association
rjkz [21]
Marshall plan was to provide aid to western europe and provided more than 15 billion
3 0
3 years ago
Read 2 more answers
Other questions:
  • The document that forbade European intervention in Western Hemisphere affairs was the ______ Doctrine.
    15·2 answers
  • In your own words, what did washington mean in his farewell address when he warned about the "threat of the spirit of party"?
    12·1 answer
  • Why did colonists resent the Townshend acts?
    10·2 answers
  • Explain the perspective of the Spanish during the American revolution why would they think it was worth it to be allies
    9·1 answer
  • Search and seizure restrictions are listed in the what amendment
    14·2 answers
  • To have been a person of the renaissance meant
    15·1 answer
  • On which three continents did Rome rule? Asia Australia Europe Africa
    15·2 answers
  • Which wife of Henry VIII had a hand in raising Jane Grey?
    11·1 answer
  • What physical feature shown here influence that incan civilization​
    6·2 answers
  • Determine the total annual FICA tax for an annual salary of $110,330. Use $106,800 for maximum taxable earnings.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!