|Question 1Verbal

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Text
Economist Jingting Fan argues that the effects of international trade may display spatial variation at sub-national levels. For instance, imported goods may reduce expenses for a country's average consumer, but for consumers living far from ports, high intranational transport costs could        the price advantages associated with imports.
Which choice completes the text with the most logical and precise word or phrase?
misconstrue
A
underestimate
B
nullify
C
denigrate
D