Which of the following summarizes the economic view on international trade and g

Question

Which of the following summarizes the economic view on international trade and globalization? Globalization has been a negative force on the global economy, pushing many countries deeper into poverty. International trade has costs and benefits. But for society the benefits outweight the cost and this trade with other countries countries should be entranced International has costs and benefits, but for society the costs outweigh the benefits and thus trade with other countries should be and reduced Globalization and opening up trade to bigger markets is a threat to the U.S. standard of living.

Explanation / Answer

b. International trade has costs and benefits, but for society the benefits outweigh the costs and thus trade with other countries should be embraced.

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