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Kamila [148]
3 years ago
5

What is one way that globalization has affected the American economy ?

History
2 answers:
In-s [12.5K]3 years ago
8 0
The loss of manufacturing jobs is a way that globalizing has an affect on the american economy

Natalija [7]3 years ago
4 0

The correct answer is: "Globalization has led to wealth gains and benefits for both producers and consumers".

Economic globalization has involved market integration. Both have possible due to improvements in transport and communications technologies. Many trade barriers have dissapeared and many markets of goods, services and factors of production function at an international or global level.

This scenario has been a source of wealth for developed countries, as the US, whose goods and services are now commercialized all over the world.

  • Firms serve larger markets and produce higher outputs, which enable them to enjoy economies of scale and earn greater profits.
  • Consumers can choose from a wider range of products at a cheaper price, because international competition drives prices down.
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The correct answer is - twice.

John Smith was held as prisoner twice during his life. The first time he had been captured and held as prisoner by the Ottoman Turks, while the second time he was kept as prisoner by a Native American (Indian) tribe, and he was able to escape with the help of a girl named Pocahontas (allegedly).

Considering his life, it is even weird that he has only been captured and held as prisoner so few times. He was a man that loved traveling and was an explorer, and a soldier, so he was getting himself in a very dangerous positions more often than not. He was also a colonial governor of the Jamestown colony, as well as Admiral of New England. Smith also is regarded as an author, though his credibility from historic point of view is very often disputed.

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B. Soviet leader Mikhail Gorbachev attempted to expand his power and suppress reform.

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Mikhail Gorbachev decided to allow elections and create a presidency. It slowly turned into democracy and so the communist control dissolved, contributing to the collapse of the Soviet Union.

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