Question

How do American consumers most benefit from globalization?
Reducing costs for labor and resources lowers the prices of goods.
Creating industries in less-developed countries increases competition.
Building factories in foreign countries shifts some jobs overseas.
Competing in a global marketplace forces smaller companies to close.

Answer 1

Reducing costs for labor and resources lowers the prices of goods.

Explanation: By producing goods where labor and inputs are cheaper or more efficient, companies can cut production costs and pass those savings on to consumers as lower prices (and often greater variety). The other choices describe effects of globalization but are not the primary consumer benefit.