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Single Answer MCQ
Q-00045579

What is one disadvantage of free trade mentioned in the context of the WTO?

1

Increased choice for consumers.

2

Neglect of local industries in developing economies.

3

Higher prices for goods.

4

Boost to international relations.

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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. Neglect of local industries in developing economies.

Solution:

Free trade can lead to the neglect of local industries in developing economies as they struggle to compete with larger, well-subsidized foreign businesses.

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