Single Answer MCQ
Q-00014351

What is a common misconception about international trade?

1

It only benefits large companies.

2

It increases market competition.

3

It promotes cultural exchange.

4

It can lead to trade deficits.

Answer and Solution

Answer

A. It only benefits large companies.

Solution:

The misconception that international trade only benefits large companies ignores the vast opportunities it provides to small and medium enterprises globally.

Watch Video Solution