A U.S. consumer electronics company has to shut down because it cannot compete against foreign manufacturers. For the United States, this is an example of a(n) ________ of international trade
A) benefit
B) cost
C) theory
D) cause
E) incentive
B
Explanation: B) The costs of international trade are borne by those businesses and their workers whose livelihoods are threatened by foreign competition. Some domestic businesses may lose market share to foreign companies, stunting their profitability and ability to create jobs. Other firms may face so much foreign competition that they're driven out of business entirely.
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