As competition has become truly global, free trade has resulted in _____ across virtually every product category.
A) lower prices and lower quality
B) higher prices and lower quality
C) lower prices and higher quality
D) higher prices and higher quality

Question

Quizplus · Accepted Answer

Free trade has increased competition, which results in companies trying to produce products of the highest quality at the lowest prices. This leads to cost-effective manufacturing processes, technology advancement, and greater efficiency. Consequently, consumers can buy higher quality products at lower prices.

As Competition Has Become Truly Global, Free Trade Has Resulted