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 promotes competition, which in turn drives innovation and efficiency, resulting in a decrease in production costs. This leads to lower prices for consumers. Additionally, competition also pushes companies to improve the quality of their products to stand out from their competitors. Therefore, free trade has resulted in lower prices and higher quality across virtually every product category.

As Competition Has Become Truly Global, Free Trade Has Resulted