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Single Answer MCQ
Q-00015754

What is a direct effect of increased global trade?

1

Decreased competition among local producers

2

Higher prices for consumers

3

Greater variety of goods available

4

Isolation of markets

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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

C. Greater variety of goods available

Solution:

Increased global trade provides consumers with greater variety of goods, as foreign products become available alongside domestic ones. This contrasts with decreased competition among producers.

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