A. Many people can provide all their own daily necessities through their own labor.
B. Farmers have flexibility to choose the crops they cultivate, farming methods, and pricing.
C. Companies promote spatial division of labor for efficiency and increased profitability.
D. Individuals across the globe engage in the same economic activities, regardless of region.
E. Per capita income in developing countries has risen at the same rate as in developed countries.
1 answer
The best option that reflects an economic effect of globalization is:
C. Companies promote spatial division of labor for efficiency and increased profitability.
Globalization often leads companies to distribute their operations across different geographical locations, allowing them to take advantage of different costs, skills, and efficiencies in labor. This spatial division of labor contributes to increased profitability and economic integration among countries.
