Which of the following is one of the advantages of globalization?

• A. It increases access to a wider variety of goods and services.
• B. It eliminates all trade barriers between countries.
• C. It guarantees equal income distribution worldwide.
• D. It prevents economic recessions in all countries.

Answer: (A)

Verified step by step guidance

1. Step 1: Understand the concept of globalization, which refers to the increasing integration and interdependence of economies around the world through trade, investment, technology, and the movement of labor and capital.
2. Step 2: Identify the typical effects of globalization, such as increased trade, access to foreign markets, and the spread of technology and ideas.
3. Step 3: Evaluate each option by comparing it to the known effects of globalization: it does not eliminate all trade barriers, nor does it guarantee equal income distribution or prevent recessions universally.
4. Step 4: Recognize that one of the key advantages of globalization is that it increases access to a wider variety of goods and services by allowing countries to specialize and trade more efficiently.
5. Step 5: Conclude that the correct advantage of globalization from the given options is the increased access to a wider variety of goods and services.