Benefits of international trade are
A) limited to tangible goods.
B) limited to intangible goods.
C) limited to all goods but not services.
D) limited to services.
E) not limited to any of the above categories.

Question

Quizplus · Accepted Answer

International trade benefits are not limited to any specific category of goods or services. It can help countries to specialize in producing the goods and services in which they have a comparative advantage, thus increasing efficiency, productivity, and economic growth. It can also increase the availability of goods and services, promote international cooperation and cultural exchange, and reduce the likelihood of conflict between nations.

Benefits of International Trade Are