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Which two of these 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



Answer :

GinnyAnswer

Final answer:

International trade agreements promote economic growth by creating jobs, opening up new markets, and reducing competition.


Explanation:

International trade agreements can lead to economic growth through various mechanisms:

  1. By creating jobs in export industries, increasing employment opportunities.
  2. By opening up new markets for domestic goods, allowing for increased sales and revenue.
  3. By reducing competition between domestic industries, promoting growth and innovation.

Learn more about International Trade Agreements and Economic Growth here:

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