Among the following which is not an advantage of international trade?
a) Availability of cheap raw materials
b) Export of surplus production
c) Import of defense material
d) Dependence on foreign countries
Answers
Answered by
5
Answer:
d) Dependence on foreign countries
Explanation:
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Answered by
0
Answer:
The correct answer is option (d) Dependence on foreign countries.
Explanation:
- International trade permits countries to develop their markets and permit goods and services that otherwise may not have existed available domestically.
- With the development of international trade, the market is better competitive. This eventually results in better competitive pricing and gets a cheaper product home to the buyer.
- This also allows a country to create optimum usage of its resource by shipping raw materials.
- The countries when trade internationally evolves are ultimately dependent on each other for the supply of production.
Therefore, the dependence on foreign countries is not an advantage of international trade.
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