International specialization and trade:
A) Has to be done on a barter system
B) Often requires the exchange of currencies
C) Does not illustrate the division of labor
D) Requires active government regulation

Question

Quizplus · Accepted Answer

International specialization and trade often require the exchange of currencies as different countries have their own currencies. This allows for the payment and receipt of funds for goods and services traded between countries. The other options are incorrect as international specialization and trade involve the division of labor and can be done through various payment methods, including currency exchange. Active government regulation may be present, but it is not a requirement for international specialization and trade.

International Specialization and Trade