Answer :
Answer:
A: A factory in Mexico makes toys that are sold mostly in Asia
Explanation:
The situation that best illustrates globalization's effect on an economy is a factory in Mexico makes toys that are sold mostly in Asia. (A)
What is globalization?
How does globalization affect economy?
In general, globalization decreases the cost of manufacturing. This means that companies can offer goods at a lower price to consumers. The average cost of goods is a key aspect that contributes to increases in the standard of living. Consumers also have access to a wider variety of goods.
What are the impacts of globalization?
Globalization creates greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world. Thus, businesses located in developing countries have more access to capital flows, technology, human capital, cheaper imports, and larger export markets.
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