International trade allows the world to

Question

Quizplus · Accepted Answer

International trade allows countries to specialize in the production of goods or services in which they have a comparative advantage, and import other goods or services that they are less efficient at producing. This allows a country to produce more goods than they could if they were producing everything themselves, and move towards the curve of their global production possibilities. Therefore, international trade allows countries to move from inside the global production possibilities curve towards the curve.

International Trade Allows the World to