Question

How is international trade MOST likely to impact companies and individuals?

A.Companies may choose to move their business to a different country.

B.Consumers have to learn a new language to be able to purchase goods from other countries.

C.Goods are no longer allowed to be traded from one country to another.

D.Consumers have fewer choices in products.

Answer 1

Answer:

A.Companies may choose to move their business to a different country.

Explanation:

I got 100%

Answer 2

Option A is the correct answer i.e., Companies may choose to move their business to a different country.

• Companies may choose to move their business to a different country, this will be the effect of international trade on companies.
• Through commerce, nations can access commodities and services that might not otherwise be accessible domestically and grow their markets.
• Market competition has increased as a result of global trade. This ultimately leads to more competitive pricing, which lowers the cost of the final product for the consumer.
• Benefits from trade are more likely to have a greater relative significance for small countries. This is because tiny countries lack self-sufficiency, have little capacity for specialization, and benefit from fewer economies of scale.
• Foreign trade also fosters domestic market competitiveness and opens up new market prospects in other countries.
• Global competition encourages businesses to use resources more creatively and efficiently. Nearly every firm today is impacted by global competition, regardless of size.

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