Question

What came up as a scenario of foreign trade due to economic liberalization?
​A) imports increased and exports decreased (B) Exports increased and imports decreased (C) imports increased and exports remained same (D) Imports decreased and exports remained same

Answer 1

Answer:

In today’s global economy, consumers are used to seeing products from every corner of the world in their local grocery stores and retail shops. These overseas products—or imports—provide more choices to consumers. And because they are usually manufactured more cheaply than any domestically-produced equivalent, imports help consumers manage their strained household budgets.

Explanation:

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