Question

1. Which of the following statements accurately represents how trade relates to growth?

A-Trade has little impact on growth.

B-As markets worldwide have opened to free trade, more goods and services
are available to countries throughout the world.
C-Free trade agreements have reduced availability of products to consumers.
D-International trade has dramatically reduced trends toward globalization.

Answer 1

The correct answer is B. As markets worldwide have opened to free trade, more goods and services are available to countries throughout the world.

Step-by-step explanation:

Trade or the exchange of goods and services for money implies those involved obtain benefits, which leads to the growth or expansion of economies and the societies that participate in trade. Indeed, these two factors (trade and growth) are closely related, which can be exemplified through the process of globalization and free trade in the last decades.

Indeed, when the trade is facilitated between countries (free trade). for example, by eliminating tariffs, the countries participating obtain profits, which is used for progress and to create and offer more products. Besides this, the increase or growth in the economy means the products can be available to countries around the world. According to this, the correct answer is B.