Trade can increase the consumption possibilities of nations.

Name: Trade can increase the consumption possibilities of nations.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Trade allows countries to specialize in the production of certain goods and services and import others, thereby increasing their overall consumption possibilities. Through trade, countries can access goods and services that they may not have the resources or technology to produce themselves, leading to higher standards of living and increased economic growth.

Trade Can Increase the Consumption Possibilities of Nations