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Murljashka [212]
3 years ago
14

What should a nation with a comparative advantage in the production of bicycles do?

History
1 answer:
AlekseyPX3 years ago
4 0
Export bicycles
Would be the correct answer
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Answer:

Economic globalization has worked in favor of consumers. Because of intense <u>competition</u>, producers strive to offer the best quality at the lowest price. Therefore, consumers get more value for their money. They have the option of buying <u>foreign</u> products if they are unhappy with domestic products.

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This statement is true. Globalization has allowed consumers to have easy access to a great variety of international products. These have not only become more common, but cheaper. Therefore, if a customer dislikes a domestic product, he is able to consume a foreign one instead. However, because of the different costs of production and wages among different countries, some nations and particular groups of people have benefitted from globalization more than others.

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It affected the ability of jobs by increasing the amout of jobs
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