which of the following statements is true of globalization? a. it has curbed the growth of middle class in developing countries. b. it increases prices and decreases product and service quality. c. It leads to monopoly of domestic producers. d. it expands economic freedom and increases the living standards of people.

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter18: Globalization
Section: Chapter Questions
Problem 17E
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which of the following statements is true of globalization? a. it has curbed the growth of middle class in developing
countries. b. it increases prices and decreases product and service quality. c. It leads to monopoly of domestic producers.
d. it expands economic freedom and increases the living standards of people.
Transcribed Image Text:which of the following statements is true of globalization? a. it has curbed the growth of middle class in developing countries. b. it increases prices and decreases product and service quality. c. It leads to monopoly of domestic producers. d. it expands economic freedom and increases the living standards of people.
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