Trade increases production partly by taking advantage of:

Name: Trade increases production partly by taking advantage of:
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

Trade allows countries to specialize in producing goods and services that they are relatively efficient at producing. This leads to increased production and productivity, which in turn can lead to economic growth. Mercantilism, idealism, and internalization may also have implications for trade, but they do not directly increase production.

Trade Increases Production Partly by Taking Advantage Of