Question

Which of the following are potential benefits of global competition? Check all of the boxes that apply. lower prices for consumers more jobs for workers in high-wage countries more jobs for workers in countries with low labor costs

Answer 1

A & D

Step-by-step explanation:

Answer 2

- lower prices for consumers

- more jobs for workers in countries with low labor costs

Step-by-step explanation:

The process of globalization led to a competition between the companies on a global level. This kind of fierce competition has made them lower the prices of their products, so the consumers benefited from that a lot. In order to be able to achieve this and still have large profit, the companies started to build their facilities in developing and less developed countries. In these countries, the labor cost is much lower than in the developed countries, so it was a win-win situation for the transnational companies. The people from these countries didn't had lot of job opportunities, and once these companies invested in their countries, lot of them were able to get jobs, thus the unemployment rates fell.