2
QuizMultiple Choice

International Trade — Quiz

Question 2 • Economics

What role does competition play in international trade?

Answer
A
It results in higher prices.
B
It discourages imports.
C
It drives down prices for consumers.
D
It does away with the need for investment.

Explanation

Competition among businesses selling goods in international markets encourages them to offer better deals to attract customers. This can drive down prices for consumers; it does not eliminate the need for investment or generally discourage imports.

AI-written and checked against the verified answer.

Previous
Next