What role does competition play in international trade? it results in higher prices. it discourages imports. it drives down prices for consumers. it does away with the need for investment.

The correct option is "It drives down prices for consumers."

International trade, foreign trade or world trade is defined as the movement of goods and services through different countries and their markets. It is made using foreign exchange and is subject to additional regulations established by the participants in the exchange and the governments of their countries of origin. When carrying out international commercial operations, the countries involved benefit from each other by better positioning their products and entering foreign markets.

The role does competition play in international trade is that it drives down prices for consumers.

Global enterprise, foreign trade or world trade is described as the transportation of assets and assistance through various nations and their exchanges.

Further Explanation

International trade brings numerous important advantages to a nation, which involves the exploitation of a country's relative position, which indicates that trade promotes a nation to concentrate in offering only those assets and assistance which it can perform more efficiently, and at the most economical opportunity value.

Providing a conventional variety of goods and services for the national and exportation exchange indicates that a nation can afford at more eminent capacities, which contributes additional cost advantages in terms of economics of computation.

Trade enhances engagement and reduces world prices, which administers compensations to customers by increasing the purchasing authority of their revenue and manages a growth in customer surplus. Trade also collapses down handcrafted corners, which face competition from more cost-effective international firms.

The quality of assets and services is likely to progress as competition stimulates discovery, purpose and the utilization of new technologies.

Learn more:

1. Which issue did the supreme court answer in the case of duncan v. louisiana?

2. While lead architect of the new st. peter's project, what was michelangelo's design contribution to the project?

3. How were the governments of japan and italy similar in the 1930s? check all that apply?

Answers Details

Grade; High School

Subject; History

Topic; Trade

Keywords

International trade, nation, advantages, technologies, opportunity, goods and service, advantage, innovation, domestic, monopolies.

3. republican abraham lincoln

4. south carolina

5. charleston, south carolina

6. confederates

7. minie bullet - made defense even safer, it spun faster, traveled further and was five times more accurate than any single-man weapon. able to kill at half a mile, it was the largest contributor to battle wounds

      or the the gatling gun - the most successful of several rapid-fire guns that were born before the war. its efficiency in killing only made war more deadly.

idk which one u learned about. pick one.

8. the south was fighting to maintain its way of life, whereas the north was fighting to maintain a union. so they had will, and the north were fighing on unfamiliar territory

9. union had the large population, people to fight in the war and work in the factories to make war materials, industrial base, the factories to make these war materials. the union also was wealthier than the confederacy and could finance the war.

10. stonewall jackson

11. chancellorsville

12. gettysburg

13. sherman

some of these might be wrong but i tried my best.   : )