Which of the following best analyzes how globalization impacts Nevada’s economy?(1 point)

Question

Responses

Globalization lowers manufacturing costs, which raises prices for consumers and businesses.
Globalization lowers manufacturing costs, which raises prices for consumers and businesses.

Globalization lowers manufacturing costs, which makes prices competitive for consumers and businesses.
Globalization lowers manufacturing costs, which makes prices competitive for consumers and businesses.

Globalization raises manufacturing costs, which lowers prices for consumers and businesses.
Globalization raises manufacturing costs, which lowers prices for consumers and businesses.

Globalization raises manufacturing costs, which makes prices competitive for consumers and businesses.

Answer 1

The response that best analyzes how globalization impacts Nevada’s economy is:

Globalization lowers manufacturing costs, which makes prices competitive for consumers and businesses.

This statement accurately reflects the typical effects of globalization, where reducing costs can lead to competitive pricing, benefiting consumers and businesses alike.