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

Answer 1

The best analysis of how globalization impacts Nevada’s economy among the given options is:

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

This response accurately reflects the general trend of globalization, where increased competition and efficiency often lead to lower manufacturing costs, which can benefit consumers and businesses by keeping prices more competitive.