International trade and competition from abroad
A) provide domestic producers with a strong incentive to improve the quality of their products and keep their costs low.
B) will make it more difficult for domestic producers to realize fully the potential gains from economies of scale in production.
C) will make it more difficult for domestic consumers in small countries to purchase from large scale producers.
D) do all of the above.
E) do none of the above.

Question

Quizplus · Accepted Answer

International trade and competition encourage domestic producers to enhance product quality and reduce costs to remain competitive in the global market.

International Trade and Competition from Abroad