Which of the following is one result of international trade
Asked by maham237 @ in Business viewed by 315 People
A. Trade increases protectionism
B. Trade drives prices higher
C. Trade reduces competition
D. Trade creates new markets
Answered by maham237 @
The answer is "D. Trade creates new markets".
International trade is the trading of products and enterprises between nations. This sort of exchange offers ascend to a world economy, in which costs, or free market activity, influence and are influenced by worldwide occasions.
International trade enables us to grow our business sectors for the two merchandise and enterprises that generally might not have been accessible to us. It is the motivation behind why you can pick between a Japanese, German or American vehicle. Because of universal exchange, the market contains more noteworthy challenge and in this way progressively aggressive costs, which conveys a less expensive item home to the buyer.
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