Which of the following is a benefit of global trade to producers?
A) Protection from competitive pressures
B) Inflow of innovative ideas
C) Simplified operations
D) Lesser likelihood of encountering cultural differences

Question

Quizplus · Accepted Answer

Global trade exposes producers to different markets and cultures, which can lead to the inflow of innovative ideas and approaches. This can result in improved product quality and increased efficiency. Protection from competitive pressures is not a benefit of global trade, as increased competition is often a result. Simplified operations and lesser likelihood of encountering cultural differences are also not necessarily benefits, as global trade can often bring about more complex operations and the need to navigate cultural differences.

Which of the Following Is a Benefit of Global Trade