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3 years ago

International trade generally a. decreases jobs. b. reduces competition. c. generates income. d. decreases productivity.

Business

1 answer:

xz_007 [3.2K]3 years ago

4 0

Answer:

c. generates income

Explanation:

International trade for a country refers to exchange of goods and services beyond geographical boundaries. In short international trade refers to the business due to import and export of goods.

For example, one nation might specialize in the production of cocoa while another nation is rich in oil wells or oil reserves. The two nations can trade such resources and eliminate scarcity or abundance.

International trade leads to increased competition in the domestic market since now the producers are compelled to adhere to meet international quality standards for their products.

So, International trade generally c. generates income.

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