Which of the following is counted as a benefit from international trade?
A) New production processes developed in one nation are transmitted to others.
B) Intellectual property such as music and computer applications is introduced throughout the world.
C) New goods have been introduced to other parts of the world.
D) All of the above are benefits from international trade.

Question

Quizplus · Accepted Answer

All of the options presented are benefits that arise from trade. The exchange of goods and services across borders leads to the transfer of technology and production processes, which can lead to efficiency gains and productivity growth. Additionally, international trade allows for the dissemination of intellectual property, which can spur innovation and creativity. Finally, the introduction of new goods to other parts of the world provides consumers with more choices and can lead to improved living standards.

Which of the Following Is Counted as a Benefit from International