What will be the probable outcome if Japan chooses to engage in trade
A)It will only benefit if it trades with countries that produce goods it cannot produce.
B)It cannot benefit if it trades with less developed countries.
C)It will only benefit if it trades with countries that are geographically close Japan.
D)It can benefit by trading with any other country.

Question

Quizplus · Accepted Answer

Japan can benefit from trade with any country due to the principle of comparative advantage, which allows countries to gain from specializing in goods they produce more efficiently and trading for others.

What Will Be the Probable Outcome If Japan Chooses to Engage