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Note that your final mark will not be saved in the system.
Note that your final mark will not be saved in the system.
International trade Categorise
Target Level
C
Running Total
0
0%
Attempt
1 of 1
Click on an item, then click on a category to place it. Or, drag and drop the item into the correct category. Organise all items before clicking 'Check'.
Costs
Benefits
Greater consumer choice
Larger markets available for producers
Economic growth
Lower prices for consumers
TNCs gain monopoly power
High risk compared to a diversified economy
Lower production costs for producers
Developing countries receive less revenue for their goods
Sectoral imbalance
Increased vulnerability to global shocks
Higher standards of living for consumers
Infant industry in developing countries cannot compete with TNCs
High unemployment possible if specialised sector becomes uncompetitive
Can take advantage of economies of scale