Which of the following statements is true?
A)International trade raises wages in developing countries.
B)International trade with rich industrial countries forces people in the developing countries to work for lower wages.
C)International trade leads to job losses in both import competing industries and exporting industries.
D)Unlike other types of international trade,offshore outsourcing does not bring any gains from trade.
E)International trade encourages lax environmental standards.

Question

Quizplus · Accepted Answer

International trade has been shown to contribute to the economic development of developing countries in various ways, such as creating job opportunities and boosting economic growth, which in turn allow for increasing wages for workers. This is due to the increased demand for labor in export industries and the potential for technology spillovers and knowledge transfer.

Which of the Following Statements Is True