Which of the following is true of world trade?
A) World trade has deeply affected domestic policymaking.
B) World trade has led to an increase in the role of primary commodities in international trade.
C) World trade has decreased the challenge of companies to stay in leadership position.
D) World trade has resulted in the decrease of international debt by governments.

Question

Quizplus · Accepted Answer

World trade has had a significant impact on domestic policymaking, as countries must create policies that align with international trade regulations and standards in order to participate in the global economy.

Answer: B
 World trade has actually led to a decrease in the role of primary commodities in international trade, as countries have diversified their exports to include manufactured goods and services.

Answer: C
 World trade has increased competition and made it more challenging for companies to stay in leadership positions, as they must continually innovate and adapt to changing market conditions in order to succeed.

Answer: D
 World trade has not in itself resulted in the decrease of international debt by governments, as economic factors such as interest rates and fiscal policies play a greater role in determining the level of debt a government retains.

Which of the Following Is True of World Trade