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Direction: Mark the option which is most suitable:
Assertion : Due to foreign trade, producers in different countries closely compete with each other.
Reason : Foreign trade leads to similar prices of goods across boundaries, and the producers who do not offer competitive prices may lose the market share.
- a)If Both assertion and reason are true, and reason is the correct explanation of assertion.
- b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.
- c)If Assertion is true, but reason is false.
- d)If Both assertion and reason are false.
Correct answer is option 'A'. Can you explain this answer?
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Direction: Mark the option which is most suitable:Assertion : Due to ...
Due to foreign trade, producers in different countries closely compete with each other. This is because the price of similar goods tends to become equal in different markets. Therefore, if a good is priced higher in the domestic market, consumers may prefer importing it from another country at a lower price.
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Direction: Mark the option which is most suitable:Assertion : Due to ...
Assertion : Due to foreign trade, producers in different countries closely compete with each other.
Reason : Foreign trade leads to similar prices of goods across boundaries, and the producers who do not offer competitive prices may lose the market share.
The correct answer to this question is option 'A', which states that both the assertion and reason are true, and the reason is the correct explanation of the assertion.
Explanation:
Foreign trade refers to the exchange of goods and services between different countries. It allows producers from different countries to access larger markets and compete with each other on a global scale.
Reason Explanation:
Foreign trade leads to similar prices of goods across boundaries due to various factors such as international competition, supply and demand dynamics, and currency exchange rates. When producers from different countries compete with each other, they strive to offer competitive prices in order to attract customers and gain market share. If a producer fails to offer competitive prices, they may lose their market share to other producers who can offer better prices or value for money. Therefore, the reason provided in the question is a correct explanation for the assertion.
Impact of Foreign Trade on Producers:
- Increased Competition: Foreign trade exposes producers to a larger pool of competitors from different countries. This increased competition forces producers to improve the quality of their products, reduce costs, and offer competitive prices in order to survive and thrive in the global market.
- Market Expansion: Foreign trade provides producers with the opportunity to expand their market beyond their domestic boundaries. This allows them to reach a larger customer base and increase their sales potential.
- Access to Resources: Producers engaged in foreign trade can access resources, raw materials, and technology from other countries that may not be available or cost-effective in their own country. This enables them to enhance their production capabilities and improve the quality of their products.
- Economies of Scale: Through foreign trade, producers can achieve economies of scale by producing goods in larger quantities. This leads to cost savings, increased efficiency, and the ability to offer competitive prices.
In conclusion, foreign trade leads to close competition among producers in different countries. The reason provided in the question is a correct explanation for this assertion, as foreign trade leads to similar prices of goods across boundaries, and producers who fail to offer competitive prices may lose their market share.
Reason : Foreign trade leads to similar prices of goods across boundaries, and the producers who do not offer competitive prices may lose the market share.
The correct answer to this question is option 'A', which states that both the assertion and reason are true, and the reason is the correct explanation of the assertion.
Explanation:
Foreign trade refers to the exchange of goods and services between different countries. It allows producers from different countries to access larger markets and compete with each other on a global scale.
Reason Explanation:
Foreign trade leads to similar prices of goods across boundaries due to various factors such as international competition, supply and demand dynamics, and currency exchange rates. When producers from different countries compete with each other, they strive to offer competitive prices in order to attract customers and gain market share. If a producer fails to offer competitive prices, they may lose their market share to other producers who can offer better prices or value for money. Therefore, the reason provided in the question is a correct explanation for the assertion.
Impact of Foreign Trade on Producers:
- Increased Competition: Foreign trade exposes producers to a larger pool of competitors from different countries. This increased competition forces producers to improve the quality of their products, reduce costs, and offer competitive prices in order to survive and thrive in the global market.
- Market Expansion: Foreign trade provides producers with the opportunity to expand their market beyond their domestic boundaries. This allows them to reach a larger customer base and increase their sales potential.
- Access to Resources: Producers engaged in foreign trade can access resources, raw materials, and technology from other countries that may not be available or cost-effective in their own country. This enables them to enhance their production capabilities and improve the quality of their products.
- Economies of Scale: Through foreign trade, producers can achieve economies of scale by producing goods in larger quantities. This leads to cost savings, increased efficiency, and the ability to offer competitive prices.
In conclusion, foreign trade leads to close competition among producers in different countries. The reason provided in the question is a correct explanation for this assertion, as foreign trade leads to similar prices of goods across boundaries, and producers who fail to offer competitive prices may lose their market share.
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Direction: Mark the option which is most suitable:Assertion : Due to foreign trade, producers in different countries closely compete with each other.Reason : Foreign trade leads to similar prices of goods across boundaries, and the producers who do not offer competitive prices may lose the market share.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'A'. Can you explain this answer?
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Direction: Mark the option which is most suitable:Assertion : Due to foreign trade, producers in different countries closely compete with each other.Reason : Foreign trade leads to similar prices of goods across boundaries, and the producers who do not offer competitive prices may lose the market share.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'A'. Can you explain this answer? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Direction: Mark the option which is most suitable:Assertion : Due to foreign trade, producers in different countries closely compete with each other.Reason : Foreign trade leads to similar prices of goods across boundaries, and the producers who do not offer competitive prices may lose the market share.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Mark the option which is most suitable:Assertion : Due to foreign trade, producers in different countries closely compete with each other.Reason : Foreign trade leads to similar prices of goods across boundaries, and the producers who do not offer competitive prices may lose the market share.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'A'. Can you explain this answer?.
Direction: Mark the option which is most suitable:Assertion : Due to foreign trade, producers in different countries closely compete with each other.Reason : Foreign trade leads to similar prices of goods across boundaries, and the producers who do not offer competitive prices may lose the market share.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'A'. Can you explain this answer? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Direction: Mark the option which is most suitable:Assertion : Due to foreign trade, producers in different countries closely compete with each other.Reason : Foreign trade leads to similar prices of goods across boundaries, and the producers who do not offer competitive prices may lose the market share.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Mark the option which is most suitable:Assertion : Due to foreign trade, producers in different countries closely compete with each other.Reason : Foreign trade leads to similar prices of goods across boundaries, and the producers who do not offer competitive prices may lose the market share.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'A'. Can you explain this answer?.
Solutions for Direction: Mark the option which is most suitable:Assertion : Due to foreign trade, producers in different countries closely compete with each other.Reason : Foreign trade leads to similar prices of goods across boundaries, and the producers who do not offer competitive prices may lose the market share.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 10.
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ample number of questions to practice Direction: Mark the option which is most suitable:Assertion : Due to foreign trade, producers in different countries closely compete with each other.Reason : Foreign trade leads to similar prices of goods across boundaries, and the producers who do not offer competitive prices may lose the market share.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice Class 10 tests.
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