Final answer:
Global trade influences the lives of people worldwide and locally by increasing cultural diversity and understanding, reducing economic inequality, promoting self-sufficiency in local communities, and expanding access to foreign products and ideas.
Step-by-step explanation:
Global trade has significant impacts on the lives of people worldwide as well as locally. One way it influences people's lives is by increasing cultural diversity and understanding (option A). When countries engage in trade, they exchange goods, services, and ideas, leading to the spread of different cultures and the opportunity for people to learn about and appreciate other customs and traditions.
Additionally, global trade can reduce economic inequality globally (option B). It allows countries to specialize in producing goods and services in which they have a comparative advantage, leading to increased efficiency and economic growth. This growth can lift people out of poverty and improve their living standards.
On a local level, global trade can also promote self-sufficiency in local communities (option C). By importing goods from other countries, communities can access a wider variety of products and resources that may not be available locally. This encourages local businesses to thrive and creates employment opportunities.
Lastly, global trade does not limit access to foreign products and ideas (option D). In fact, it expands access to them by facilitating the exchange of goods and services across borders. Through trade, people can access a diverse range of products that can enhance their lives and introduce them to new ideas and innovations.