ECONOMICS (CBSE/UGC NET)

ECONOMICS

TRADE EXCHANGE AND INTERDEPENDENCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A major cost of freer trade from poor nations is that they will
A
get cheaper stuff
B
they will get more stuff
C
environmental damage
D
greater variety of stuff
Explanation: 

Detailed explanation-1: -Economic growth resulting from trade expansion can have an obvious direct impact on the environment by increasing pollution or degrading natural resources.

Detailed explanation-2: -The environmental impact of economic growth includes the increased consumption of non-renewable resources, higher levels of pollution, global warming and the potential loss of environmental habitats.

Detailed explanation-3: -Increased Economic Resources Developing countries can benefit from free trade by increasing their amount of or access to economic resources. Nations usually have limited economic resources. Economic resources include land, labor and capital. Land represents the natural resources found within a nations’ borders.

There is 1 question to complete.