The United States can gain from international trade if

Question

Quizplus · Accepted Answer

International trade allows countries to specialize in producing the goods they can produce most efficiently, which leads to a more efficient allocation of resources and increased output. This is achieved by importing goods for which the country is a high-opportunity cost producer and exporting those for which it is a low-opportunity cost producer, as stated in option A. Options B and C relate to the value of the dollar in the currency market and do not directly relate to the benefits of international trade.

The United States Can Gain from International Trade If