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How can international trade agreements lead to economic growth? 1. by creating jobs in the export industries 2. by opening up new market for domestic goods 3. by facilitating culture exchanges between nations 4. by reducing expenditures on domestic production

Theresa Perry

in Business

1 answer

1 answer

Mindee Nelson on December 6, 2018

The main form of an international trade agreement, it serves to generate economic growth is really best illustrated by the answer 2. by opening a new market for domestic products. To the manufacturing country of origin of the expansion of the markets will strengthen demand for its products and allow more employment is generated in the industries involved and, subsequently, more taxes to pay the government for the greater benefit of the state. In addition to the people employed will enable other sectors to grow as the local population, new and improved, the state will allow them to have more purchasing power.

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