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Single Answer MCQ
Q-00045552

Which of the following is a benefit of foreign trade for consumers?

1

Increased prices for local products

2

Limited variety of goods

3

Increased choice and better prices

4

Protection against foreign goods

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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. Increased choice and better prices

Solution:

Foreign trade increases consumer choice by introducing a variety of goods and can offer better prices due to competition.

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