Single Answer MCQ
Q-00045551
What is the primary function of foreign trade?
1
To prevent domestic competition
2
To create opportunities for reaching foreign markets
3
To limit imports to boost local production
4
To maintain equal trade relations
Answer and Solution
Answer
B. To create opportunities for reaching foreign markets
Solution:
The primary function of foreign trade is to create opportunities for producers to reach foreign markets beyond their domestic borders, allowing them to sell their products internationally.
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