An increase in global trade will:
A) increase prices.
B) decrease jobs.
C) increase political instability.
D) increase global competition.

Question

Quizplus · Accepted Answer

An increase in global trade will lead to an increase in global competition as more countries and companies have access to international markets, resulting in greater opportunities for businesses to compete against each other. This can be beneficial for consumers as it can lead to lower prices, increased innovation and product availability. However, it can also have negative effects on industries that may not be competitive on a global scale, leading to job losses in certain sectors. Political instability may also result from the increased competition and trade tensions between nations, but it is not a direct consequence of an increase in global trade. The increase in prices is unlikely as increased competition often leads to lower prices.

An Increase in Global Trade Will