Question

Which of the following is NOT one of the benefits that has been realized from the expansion of free trade and globalization?

a. There has been a reduction in poverty in developing nations due to globalization.
b. Workers in developed economies, such as the U.S., have benefited from increased employment in the high-paying manufacturing industries.
c. Consumers have gained because of lower prices.
d. National economies have gained because of increased economic efficiency.
e. Workers in developing nations have gained from increased wages and employment.

Answer 1

The statement that is NOT a benefit realized from free trade and globalization is that workers in developed economies, like the U.S., have seen increased employment in high-paying manufacturing industries. In fact, low-skilled workers have faced increased competition and potentially lower wages due to globalization.

Step-by-step explanation:

The benefit that has NOT been realized from the expansion of free trade and globalization is: b. Workers in developed economies, such as the U.S., have benefited from increased employment in the high-paying manufacturing industries. While globalization has indeed helped high-skilled workers in sectors such as computers and pharmaceuticals, low-skilled workers in developed countries like the United States have faced competition from workers in countries with lower wages, potentially leading to decreased employment in manufacturing and lower wages.

It is fair to acknowledge that consumers and nations as a whole may benefit from globalization through lower prices and increased economic efficiency. Additionally, workers in developing nations might experience increased wages and employment. However, the concern remains that globalization imposes costs on low-skilled, low-wage workers in developed economies, challenging the notion that all workers in these economies benefit from free trade.