Which of the following is a possible drawback of the growth of international trade in the United States?

Question

Quizplus · Accepted Answer

With the growth of international trade, local or national markets may become less relevant as consumers have access to a wider variety of goods from different countries. This can lead to a decline in demand for domestic goods and services if they are seen as inferior to their foreign counterparts. Additionally, local industries may also face competition from foreign companies, which could result in job losses and reduced economic growth in those sectors.

Which of the Following Is a Possible Drawback of the Growth