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Question
14 multiple choice 2 points
what is one benefit of international trade?
governments can ensure that unemployment stays low.
workers can remain in the same job throughout their working lives.
businesses can focus on providing limited products to customers.
nations can specialize in goods and services that they produce most efficiently.
International trade allows nations to specialize in goods and services they produce most efficiently (comparative advantage principle). Unemployment isn't guaranteed low (global competition can cause job shifts). Workers may change jobs (industry shifts due to trade). Businesses often expand product offerings (access to global markets).
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Nations can specialize in goods and services that they produce most efficiently.