Commerce and World Trade
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Questions and Answers

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?

  • 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?

  • 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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