Question

Which statements best describe how businesses can take advantage of globalization? Check all that apply. - Using lower labor costs in other countries - Creating higher barriers to trade - Transporting resources quickly from distant locations - Limiting trade with other countries - Communicating more quickly with other countries Answers: 1, 3, & 5

Name: which statements best describe how businesses can take advantage of globalization check all that apply using lower labor costs in other countries creating higher barriers to trade transporti 09571
Uploaded: 2022-12-11T00:47:22-08:00
Duration: 4 min 23 s
Channel: Jennifer Stoner
Description: which statements best describe how businesses can take advantage of globalization check all that apply using lower labor costs in other countries creating higher barriers to trade transporti 09571

          Which statements best describe how businesses can take advantage of globalization? Check all that apply.
- Using lower labor costs in other countries
- Creating higher barriers to trade
- Transporting resources quickly from distant locations
- Limiting trade with other countries
- Communicating more quickly with other countries

Answers: 1, 3, & 5

Added by Jessica R.

Principles of Economics

Gregory Mankiw 8th Edition

Instant Answer

Solved by Expert Jennifer Stoner

12/11/2022

Step 1

Using lower labor costs in other countries: By locating their businesses in countries with lower labor costs, businesses can save money on their overall costs. Show more…

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Which statements best describe how businesses can take advantage of globalization? Check all that apply. - Using lower labor costs in other countries - Creating higher barriers to trade - Transporting resources quickly from distant locations - Limiting trade with other countries - Communicating more quickly with other countries Answers: 1, 3, & 5