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Which of the following statements about the effects of globalization are most likely correct?

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Which of the following statements about the effects of globalization are most likely correct?

Statement 1: Globalization has led to increased efficiency in markets, resulting in wider availability of products at lower costs.

Statement 2: Globalization has led to increased social well-being due to a reduction in social structural inequality.

A.

Statement 1 only

B.

Statement 2 only

C.

Both Statement 1 and Statement 2

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