The benefits from international trade include
A)A rightward shift of the production possibilities curve.
B)Greater efficiency in the use of the world's limited resources.
C)A higher standard of living for every person.
D)A higher rate of population growth.

Question

Quizplus · Accepted Answer

International trade allows countries to specialize in the production of goods and services they can produce most efficiently, leading to a more efficient allocation of the world's limited resources.

The Benefits from International Trade Include