If countries engage in international trade:

Question

Quizplus · Accepted Answer

When countries engage in international trade, they can specialize in producing goods and services in which they have a comparative advantage. This can lead to increased efficiency and productivity, allowing them to produce more goods and services than they would be able to do in isolation. As a result, they can consume outside their production possibility frontiers, meaning they can consume more than they would be able to produce domestically.

If Countries Engage in International Trade