If trade is mutually beneficial,then increasing trade
A)Increases the welfare of producers that compete with importers.
B)Makes countries less interdependent.
C)Leads to increased output in export industries.
D)Reduces income for workers in export industries.

Question

Quizplus · Accepted Answer

Increasing trade allows countries to specialize in producing what they are most efficient at, leading to increased output in export industries. This can lead to economic growth and higher living standards for both producing and importing countries. The other options listed are not necessarily true in all cases and can vary depending on the specific situation.

If Trade Is Mutually Beneficial,then Increasing Trade