Question

question 10 of 10
what is one major advantage localized economies have over more globalized
economies?

a. localized economies have access to a much wider variety of
natural resources.

b. localized economies are less reliant on multinational corporations
for their essential goods.

c. localized economies are more likely to be admitted into
international organizations.

d. localized economies benefit greatly from tariffs and other trade
regulations.

Explanation:

• Option A: Globalized economies typically have wider access to natural resources, so this is incorrect.
• Option B: Localized economies focus on local production and consumption, so they depend less on multinational corporations for essential goods, which is a key advantage.
• Option C: Globalized economies are more likely to be in international organizations, so this is wrong.
• Option D: Tariffs are more related to trade policies and not a core advantage of localized economies over globalized ones.

Answer:

B. Localized economies are less reliant on multinational corporations for their essential goods.