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Question

Identify the values affected by international trade because of the following reasons:

1. Dumping of goods.

2. Leads to cultural invasion.

3. Adversely affects the domestic industries of host countries.

4. Interference in political affairs.

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Solution

The following values affected are listed below:

1. Giving due recognition to international laws.

2. Respect for the culture of the country.

3. Healthy competition between domestic and foreign industries.

4. No political intervention in the importing country.


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