International trade has the potential to

Question

Quizplus · Accepted Answer

International trade allows countries to specialize in producing goods and services where they have a comparative advantage, meaning they can produce it at a lower opportunity cost than other countries. This leads to increased productivity and efficiency, which can result in lower costs for consumers and increased availability of goods and services for all nations. Therefore, international trade has the potential to increase the availability of goods and services to all nations.

International Trade Has the Potential to