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Removal of ….......... trade barriers has made the formation of global markets more feasiblea.cross-cultureb.cross-borderc.multi-linguald.interdisciplinary

Question

Removal of ….......... trade barriers has made the formation of global markets more feasible

  1. a. cross-culture
  2. b. cross-border
  3. c. multi-lingual
  4. d. interdisciplinary
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Solution

Analysis of Options

  1. a. cross-culture: This term refers to interactions or exchanges between different cultures. While cultural exchanges can influence trade, it's not directly related to trade barriers.

  2. b. cross-border: This term specifically addresses trade that occurs across national borders. The removal of cross-border trade barriers is a primary factor enabling the formation of global markets, as it allows goods and services to move freely between countries.

  3. c. multi-lingual: This term pertains to the ability to communicate in multiple languages. Although important for international business communication, it doesn’t relate directly to the concept of trade barriers.

  4. d. interdisciplinary: This refers to an approach that integrates knowledge from different academic disciplines. While interdisciplinary approaches can enhance understanding in trade, they do not directly address barriers to trade.

Conclusion

The correct answer is b. cross-border. The removal of cross-border trade barriers has indeed made the formation of global markets more feasible by facilitating international trade and investment.

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