Economic interaction with other countries
A)benefits only small countries that cannot produce everything.
B)benefits only large countries that have a comparative advantage in producing everything.
C)can benefit no country.
D)can benefit small or large countries.
E)benefits only small countries that have a comparative disadvantage.

Question

Quizplus · Accepted Answer

Economic interaction with other countries can benefit both small and large countries as it allows countries to specialize in producing goods and services that they are efficient at producing, while importing goods and services that they are less efficient at producing. This can ultimately lead to increased efficiency, lower prices, and greater consumer choice for all participating countries.

Economic Interaction with Other Countries