Question

Evaluate the impacts of opening foreign trade on the global economy by identifying the appropriate statements among the following options:

1. The choice of goods in the markets increase.
2. Producers from two countries closely compete against each other despite the distance between their locations.
3. Foreign trade thus results in connecting the markets or integration of markets in different countries.
4. The quality of the product is always good.

विकल्प

• Statements i and ii are appropriate.

• Statements i, ii and iii are appropriate.

• All the statements are appropriate.

• Only statement iv is appropriate.

Answer 1

Statements i, ii and iii are appropriate.