SSC
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: -Economic integration is beneficial in many ways, as it allows countries to specialize and trade without government interference, which can benefit all economies. It results in a reduction of costs and ultimately an increase in overall wealth.
Detailed explanation-2: -Generally, birth rates are lower, people have a longer life expectancy, and individual income is higher. There is also better access to services like health care, education, electricity, and other amenities. Living in a developed country also frequently comes with a larger degree of personal security.
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