Question

How do American consumers most benefit from globalization? Reducing costs for labor and resources lowers the prices of goods. Creating industries in less-developed countries increases competition. Building factories in foreign countries shifts some jobs overseas. Competing in a global marketplace forces smaller companies to close.

Answer 1

Answer:

Reducing costs for labor and resources lowers the prices of goods

Explanation:

The globalization process has been very beneficial for the large corporations, but also for the consumers in the more developed countries. The reason for that is that the corporations use cheaper resources, cheaper labor force, and cheaper materials. This results in making more profit, but also to be more competitive, the corporations lower the prices of their goods, so the consumers benefit from it as well, thus their buying power is increasing and they can afford more things for the same amount of money.