International trade between two countries
A) benefits only the receiving country.
B) benefits only the sending country.
C) benefits both countries.
D) benefits neither country.

Question

Quizplus · Accepted Answer

International trade between two countries benefits both countries because it allows each country to specialize in producing goods or services that they have a comparative advantage in. This leads to increased efficiency, lower costs, and greater productivity, which can lead to higher economic growth and increased standards of living for people in both countries. Additionally, international trade can increase competition, which can lead to innovation and lower prices for consumers.

International Trade Between Two Countries