which of the following are potential benefits of global competition? check all of the boxes that apply…

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 done

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 done

Answer

Brief Explanations:

Global competition can lead to firms trying to cut costs to be more competitive, which may result in lower prices for consumers. Also, production may shift to countries with low - labor costs to reduce expenses, creating more jobs there. In high - wage countries, jobs may be outsourced rather than increased due to global competition.

Answer:

  • lower prices for consumers
  • more jobs for workers in countries with low labor costs