How Does International Trade Affect the Standard of Living

question 141

Multiple Choice

How does international trade affect the standard of living?

• A)It raises the standard of living in all trading countries.
• B)It lowers the standard of living in all trading countries.
• C)It leaves the standard of living unchanged.
• D)It raises the standard of living for importing countries and lowers it for exporting countries.

---

Definitions:

Social Technographics

A classification approach of consumers based on their use of social technologies like blogs, social networking sites, and other web-based applications.

Social Media

Online platforms and technologies that allow users to create, share content, and participate in social networking.