How Does the Lowering of Barriers to International Trade Help

question 129

Multiple Choice

How does the lowering of barriers to international trade help firms?

• A)It protects them from domestic competition.
• B)It allows them to view the world as their market.
• C)It drives up costs because they assemble their products in different countries.
• D)It puts a brake on globalization of both markets and production.

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Definitions:

World Leader

A person who holds a significant position of authority in a national government or international organization, influencing global or regional politics and policies.

Nation

A large body of people united by common descent, history, culture, or language, inhabiting a particular country or territory.

Years

Units of time consisting of 365 or 366 days, used to measure time in terms of past, present, and future.

Disability-Free

A state or condition in which an individual is able to function without any physical, mental, or emotional limitations or impairments.