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.
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Verbal·Craft and Structure·Words in Context
mediumWhich choice completes the text with the most logical and precise word or phrase?
A
underestimate
B
misconstrue
C
denigrate
D
nullify