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What effect does increasing economic interdependence have on the countries of the world?

  • Question 6c of 10 - Specialization

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: What effect does increasing economic interdependence have on the countries of the world?
  • Answers:
  1. Growing international trade and rising standards of living
  2. Greater power for international organizations
  3. Trade wars and the increase of protective trade policies
  4. A loss of comparative advantage for developed countries

The correct answer is: Growing international trade and rising standards of living. Interdependence enables specialization, which leads to efficient trade and economic growth that drives up standards of living.

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