Imports and exports enhance international trade, while creating growing opportunities for nations. Which of the following is NOT a benefit of global trade?

Question

Quizplus · Accepted Answer

Less competition is not a benefit of global trade, as it actually increases competition by allowing more competitors to enter the market. The other choices, such as inflow of new ideas, reduced risk, and access to factors of production, are all benefits of global trade that can lead to increased growth and prosperity for nations involved.

Imports and Exports Enhance International Trade, While Creating Growing Opportunities