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Questions and Answers
Which of the following is NOT a key aspect of commerce and world trade?
Which of the following is NOT a key aspect of commerce and world trade?
- Import and export regulations
- Economic integration between countries
- International exchange of goods and services
- Digital marketing strategies (correct)
Which of the following is a potential benefit of commerce and world trade?
Which of the following is a potential benefit of commerce and world trade?
- Increased competition leading to lower prices (correct)
- Protectionism promoting domestic industries
- Reduced market access for small businesses
- Trade deficits causing economic growth
What is the role of import and export regulations in commerce and world trade?
What is the role of import and export regulations in commerce and world trade?
- To restrict the flow of goods and services between countries
- To discourage international trade
- To promote fair competition and protect domestic industries (correct)
- To eliminate all trade barriers and tariffs
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