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 Form 4 Business Studies questions and answers on international trade

Highlight four problems a country may have by participating in international trade.

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Answer Text:
-Causes exhaustion of non- renewable resources
-Threat to growth of local industry due to importation of cheaper and high quality goods
-Importation of goods the have adverse effects to the citizens. E.g. harmful goods/products
-Erosion of cultural value due to coping of undesired foreign habits
-Increased inflation due to importation of expensive goods


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