Single Answer MCQ
Q-00015738
How does foreign trade expand consumer choice in a domestic market?
1
By reducing sales of domestic products
2
By limiting access to international products
3
By increasing the number of available products from other countries
4
By eliminating local competition
Answer and Solution
Answer
C. By increasing the number of available products from other countries
Solution:
Foreign trade allows consumers to access a wider range of products from different countries, enhancing choice beyond what is available domestically and stimulating competition.
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