Single Answer MCQ
Q-00045561
Which is a common misconception about foreign trade?
1
It increases competition in domestic markets
2
It can lead to lower prices for consumers
3
It only benefits large corporations
4
It restricts the variety of goods available
Answer and Solution
Answer
C. It only benefits large corporations
Solution:
A common misconception is that foreign trade only benefits large corporations, while in reality, it also provides benefits to local consumers and businesses by fostering competition.
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