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Q: Why does the growth of internatinal trade lead to a rising global standard of living?
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Why does the growth of the international trade lead to a rising global standard living?

International trade enables specialization, which brings increased efficiency and greater competition.


Why does the growth of international trade lead to a global rising standard of living?

International trade enables specialization, which brings increased efficiency and greater competition.


A major argument for economic growth is that it?

leads to a higher standard of living


How growth in the GDP may impact negatively on the standard of living of a country?

two ways in which growth in a country's gross domestic product may negatively impact the country's standard of living


Whats the standard of living in China?

In comparison to other countries China has a better standard of living. Their growth of consumption has increased dramatically over the years.


Why are countries with more economic freedom have a higher standard of living?

because of this countries follow of global economics and free trade, and standard of living follow free market.


Which measures improvements in the standard of living in a nation?

Growth of real GDP per Capita


Why is productivity growth important to countries?

The higher the productivity , the higher the living standard of the country. It also contributes in growth in output and income of the country.


What was part of green revolution?

Animal antibiotics and growth hormonesHigher standard of living for most peoplePollution from fertilizers


What happens when you have economic growth?

More money, better standard of living, better public transportation, less crime.


Did industrial growth contribute positively or negatively to society?

it made labor more rewarding and increased standard of living


What is the best measurement for comparing the standard of living between two countries?

The best measurement for comparing the standard of living between two countries is the GDP in conjunction with the economic growth. GDP stands for Gross Domestic product.