Ask Question
BusinessBusiness
9 March, 13:06

What is one negative effect of current patterns in global trade?

A. Job loss and wage decreases in developed countries

B. Slow economic growth worldwide

C. Lower production costs in developing countries

D. Reduced prices for goods and services

+3
Answers (1)
  1. 9 March, 14:18
    0
    B. Slow economic growth worldwide

    Explanation:

    Job loss and wage decrease in developed countries have not been an issue currently. Like Trump's America first policy is bringing more and more jobs and good wages in the US. The same is the case in the UK and various others. However, slow economic growth has certainly been an issue. Though developing countries always work on low production costs and it boosts the world economy as the third world ends up making more money which is good for the world economy, and hence its also not a negative effect. And goods prices are increasing regularly, and though the cost of the services is decreasing due to an increase in the number of skilled workers, on average service cost is also on increase due to inflation. Hence, the fourth is also not an option. Hence, the correct option is "B. Slow economic growth worldwide."
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is one negative effect of current patterns in global trade? A. Job loss and wage decreases in developed countries B. Slow economic ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
On January 1, 2016, VKI Corporation awarded restricted stock units (RSUs) representing 9 million of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated within three years.
Answers (1)
Which function can be used to find the date of the last payment made on a customer account? average count order maximum
Answers (1)
On January 3, Halsall Corporation purchased 1,800 shares of the company's $1 par value common stock as treasury stock, paying cash of $ 8 per share. On January 30, Halsall sold 1,200 shares of the treasury stock for cash of $9 per share.
Answers (1)
Depreciation is defined as the Group of answer choices a. decrease in the stock of capital due to investment by firms. b. decrease in the stock of capital due to wear and tear. c. increase in the stock of capital due to investment by firms. d.
Answers (2)
Compute the continuously compounded interest rate for 228 days where the ACT/365 interest rate is 2.92%. Give your answer to four decimal places. Enter 4.1234% as 4.1234
Answers (1)
New Questions in Business
Information is stored in what type of object in a database? A. Report B. Query C. Form D. Table
Answers (1)
Taryn, who was sexually assaulted in a parking lot, experiences frequent nightmares and has withdrawn from her family and friends. Since the attack, she has difficulty sleeping and can no longer hold down a job.
Answers (1)
Robert Bryan, Jr., earns $400 per week plus 3% of sales in excess of $7,000. If Robert sells $21,000, how much are his weekly earnings?
Answers (1)
In the United States, the labor share of national income has significantly declined since its peak in 1970. See the section 3-2 in the text for additional information. Offer your explanation for this trend.
Answers (1)
Which one of the following is not an assumption for the law of one price? a. There is free competition b. There is no transportation cost c. There are no tariffs d. The skill level of workers is identical in both countries
Answers (1)
Home » Business » What is one negative effect of current patterns in global trade? A. Job loss and wage decreases in developed countries B. Slow economic growth worldwide C. Lower production costs in developing countries D. Reduced prices for goods and services
Sign Up Forgot Password?