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Which two statements explain how international trade agreements can lead to economic growth?

A. By creating jobs in the export industries
B. By opening up new markets for domestic goods
C. By reducing competition between domestic industries
D. By reducing expenditures on domestic production

Sagot :

GinnyAnswer

Final answer:

International trade agreements can lead to economic growth by creating jobs in export industries and opening up new markets for domestic goods.


Explanation:

International trade agreements can lead to economic growth by :

  1. creating jobs in the export industries
  2. opening up new markets for domestic goods

The reduction in tariffs, quotas, and trade barriers allows for increased trade, leading to economic growth and the potential for job creation and market expansion.


Learn more about Impact of international trade agreements on economic growth here:

https://brainly.com/question/34787438


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