What is one typical outcome of global trade?

Greater competition among businesses is a typical outcome of global trade because it allows companies from different countries to enter new markets and challenge local firms. As businesses compete on an international scale, they strive to improve their products, services, and pricing to attract customers. This increased competition can lead to innovation and more efficient production methods, ultimately benefiting consumers through better quality goods and services at competitive prices.

In contrast, increased regional tariffs would generally act to limit trade and reduce competition rather than promote it. Decreased consumer choice would occur in situations where trade barriers prevent a diverse range of products from entering a market, which is contrary to the benefits of global trade. Lastly, isolationist economic policies focus on limiting interaction with global trade, which would not result in the competitive environment encouraged by international commerce.