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Which of the following is not a cost of trade? National security Unfair competition Job security...

Which of the following is not a cost of trade?

National security

Unfair competition

Job security

Lower price

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Answer #1

Job security is a cost of trade because it can reduce the payment levels of a particular domestic industry due to trade and unfair competition can also be the case where we have seem dumping over the past few years and national security is also reason because trade allows dependence over other countries and this can breach the national security on the whole and that is the reason why

(a,b,c) are wrong

Lower Price is not a cost of trade and it is rather a benefit from trade where you can get goods at low cost so that you can buy more inputs so that your output can be increased on the whole.

Therefore (d) is the answer to this question

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