Single Answer MCQ
Q-00015744
In what way can foreign trade positively impact local producers?
1
By eliminating competition
2
By providing access to larger markets
3
By restricting market opportunities
4
By decreasing consumer demand
Answer and Solution
Answer
B. By providing access to larger markets
Solution:
Foreign trade allows local producers to access larger international markets, potentially increasing their sales and opportunities for growth, instead of being confined to domestic customers.
Watch Video Solution