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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

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Answers (1)
  1. 9 March, 14:18
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    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."
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