Many people fear world trade because it:
A)closes the access to advanced technology for less developed countries.
B)slows down the rate at which people's living standards increase.
C)causes some people to lose their jobs due to production shifts abroad.
D)empowers governments to abuse the freedom and property of their citizens.

Question

Quizplus · Accepted Answer

World trade can sometimes cause production shifts from developed countries to less developed countries where labor is cheaper, leading to job losses in the developed countries. This is a common fear among people who oppose world trade. However, overall trade can also bring benefits such as lower prices, increased competition, and higher economic growth, which can eventually lead to higher living standards for individuals. The other choices do not accurately describe the fears associated with world trade.

Many People Fear World Trade Because It