Edzy
Single Answer MCQ
Q-00045531

The reduction in which of the following has allowed for faster international trade?

1

Trade agreements

2

Transportation costs

3

Consumer preferences

4

Labor costs

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Sandeep Chaturvedi

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

M.A. HistoryM.A. Political ScienceB.Ed.

Answer and Solution

Answer

B. Transportation costs

Solution:

Lower transportation costs have directly enabled quicker and less expensive international trade. Trade agreements may help, but they do not change inherent transportation costs directly.

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