The positive effect of market opening is that goods and services would be cheaper (option C), while the negative effect is that local products are consumed less (option D).
Market opening is a term that refers to the action of a state to open its economy so that foreign companies send their products to that country.
The opening of the market is an economic activity that brings benefits and harm to the economy of a country because it diversifies the products that are on the market for citizens.
However, it has negative effects such as local products sometimes being the most expensive or losing popularity compared to imported ones, so people consume less of them.
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Answer:
Post Test: The Contemporary World
Explanation:
Positives:
The volume of exports will increase.
Goods and services may become less expensive.
Negatives:
People may lose jobs to outsourcing
Domestic products may become less popular.
