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Which of these is an important factor promoting increased international trade?

  • Question 8c of 10 - Global patterns

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Which of these is an important factor promoting increased international trade?
  • Answers:
  1. The reduction of trade barriers
  2. The decrease of workers' wages
  3. The regulation of the international banking system
  4. The comparative advantage of developed countries

The correct answer is: The reduction of trade barriers. Reducing tariffs, quotas, and subsidies promotes international trade because the costsof trade are reduced when trade barriers are taken down.

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