GK
WORLD GEOGRAPHY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is an advantage for a small, developing country in joining an economic union?
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closing of inefficient industries
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access to natural resources with restrictions
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replacing family farms with agribusiness
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greater access to international markets
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Explanation:
Detailed explanation-1: -More specifically, economic integration typically leads to a reduction in the cost of trade, improved availability of goods and services and a wider selection of them, and gains in efficiency that lead to greater purchasing power.
Detailed explanation-2: -Increased Economic Resources. Developing countries can benefit from free trade by increasing their amount of or access to economic resources. Improved Quality of Life. Better Foreign Relations. Improved Production Efficiency.
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