Question

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How do consumers benefit from international trade? Choose three correct answers.

Trade may require more transportation.
Goods and services cost less.
Greater income inequality results.
Overall poverty is reduced.
Not all countries have the same laws for working conditions.
Choices increase as competition creates more products.

Answer 1

Answer:

Trade promotes economic growth, efficiency, technological progress, and what ultimately matters the most, consumer welfare. By lowering prices and increasing product variety available to consumers, trade especially benefits middle- and lower-income households. 1 2 5

Explanation: