USA HISTORY

LIFE IN ANTEBELLUM AMERICA 1807 1861

AMERICAN RENAISSANCE UNIQUELY AMERICAN ART LITERATURE AND CULTURE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Southern states had to buy inexpensive manufactured goods from Great Britain.
A
true
B
false
C
maybe
D
None of the above
Explanation: 

Detailed explanation-1: -Answer: (c) The cost of production is low and the MNCS can earn greater profit.

Detailed explanation-2: -The Indian government, after Independence, had put barriers to foreign trade and foreign investment. This was considered necessary to protect the producers within the country from foreign competition.

Detailed explanation-3: -MNCs have contributed greatly in the process of globalisation. MNC’s have set up production centres in various countries and are supplying produced goods, services and technology to various countries. The countries of the world have come closer. It has also increased the movement of people between countries.

Detailed explanation-4: -Amidst all these developments, the agricultural sector was neglected for a long time.

There is 1 question to complete.