If trade is mutually beneficial,then increasing trade

Question

Quizplus · Accepted Answer

Increasing trade leads to increased demand for exports, which in turn increases the output in the export industries of a country. This can lead to job creation and increased income for those working in those industries. Option A is incorrect because producers that compete with importers may face increased competition and may have to lower prices or improve their products to remain competitive, but overall, trade benefits both the importing and exporting countries. Option B is incorrect because increasing trade actually makes countries more interdependent as they rely on each other for goods and services.

If Trade Is Mutually Beneficial,then Increasing Trade