The greatest beneﬁt to an economy from international trade is

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The greatest benefit to an economy from international trade is consumption beyond domestic production possibilities. This is because international trade allows countries to access goods and services that they may not be able to produce domestically, leading to increased consumption and a higher standard of living. It also allows countries to specialize in producing goods and services in which they have a comparative advantage, leading to greater efficiency and increased economic growth. While international trade may also lead to increased employment in the export sector, economic power over other countries, and full employment of the labor force, these benefits are not as significant as the ability to consume beyond domestic production possibilities.

The Greatest Beneﬁt to an Economy from International Trade Is