Which of the following is true of globalization?
a. It expands economic freedom and increases the living standards of people.
b. It relies on strong government regulations to keep down prices.
c. It fails to offer access to advanced technology in less developed countries.
d. It makes it easier for governments to abuse the freedom and property of their citizens.
ANSWER: a
Globalization expands economic freedom, spurs competition, and raises the productivity and living standards of people in countries that open themselves to the global marketplace. For less developed countries, globalization also offers access to foreign capital, global export markets, and advanced technology.
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