2
QuizMultiple Choice

The Modern Global Economy

Question 2 • Contemporary Issues

Which statement explains an economic outcome of international trade?

Answer
A
Competition is erased within the global marketplace.
B
Imports and exports move around the world at a slower rate.
C
Countries become dependent on one another for certain goods.
D
Jobs are lost throughout developing nations and third-world countries.

Explanation

International trade allows countries to specialize in producing certain goods and exchange them for goods made elsewhere. As a result, countries can become dependent on one another for some products. Trade does not erase competition, and it generally increases the movement of imports and exports rather than slowing it.

AI-written and checked against the verified answer.

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