One of the major drawbacks of international trade is that, when developed countries open their markets to international trade, their markets tend to be flooded with lower-quality products from developing countries.

Question

Quizplus · Accepted Answer

This statement is false. Developed countries may indeed face competition from lower-cost imports, but this does not necessarily mean that the products are lower quality. In fact, many developing countries have been able to compete by specializing in certain industries and producing very high-quality products. Additionally, international trade can benefit consumers by giving them access to a wider variety of goods at lower prices.

One of the Major Drawbacks of International Trade Is That