When both exports and imports are considered, the major advantage of international trade is that it allows us to
A) seclude ourselves from foreign products.
B) consume a larger, more diverse quantity of goods and services at lower prices than would otherwise prevail.
C) benefit at the expense of less-developed nations
D) maintain jobs for workers who would otherwise have little to do.

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 greater variety of goods and services available at lower prices.

When Both Exports and Imports Are Considered, the Major Advantage