Which of the following is a benefit of globalization?(1 point)
Responses

Workers in developed countries often lose their jobs.
Globalization has been shown to increase the standard of living in developing countries.
Globalization has been shown to decrease the standard of living in developing countries.
Workers in the developed world compete with lower-cost markets for jobs
Globalization has been shown to increase the standard of living in developing countries.
The correct answer is:
Globalization has been shown to increase the standard of living in developing countries.
The correct answer is: Globalization has been shown to increase the standard of living in developing countries.
To determine the correct answer, we need to understand the concept of globalization and its impact on different countries.
Globalization refers to the increasing interconnectedness and integration of economies, societies, and cultures on a global scale. It involves the free movement of goods, services, capital, and people across borders.
To find the benefits of globalization, we need to consider the effects it has on different countries. In the given options, the benefit mentioned is about increasing the standard of living in developing countries.
Globalization has been shown to benefit developing countries by providing access to new markets, technology, and investments. It can stimulate economic growth, create employment opportunities, and increase incomes. As a result, the standard of living in these countries can improve.
On the other hand, some negative consequences of globalization can include job losses for workers in developed countries who may have to compete with lower-cost markets. While this is mentioned in one of the options, it is not a benefit of globalization.
Therefore, the correct answer is that globalization has been shown to increase the standard of living in developing countries.