SSC MTS EXAM

Detailed explanation-1: -The first of the three effects of globalization on the U.S. economy was the growth of multi-national corporations. Corporations were able to merge into other countries and reaped the many advantages and perks, such as increased bottom lines, cheaper labor, and relaxed regulations.

Detailed explanation-2: -The Internet is bringing culture closer to more people, making it more easily and quickly accessible; it is also nurturing the rise of new forms of expression for art and the spread of knowledge. Some would say, in fact, that the Internet is not just a technology, but a cultural artifact in its own right.

Detailed explanation-3: -Lower Costs for Products Globalization allows companies to find lower-cost ways to produce their products. It also increases global competition, which drives prices down and creates a larger variety of choices for consumers.