Which of the following is NOT a benefit of international trade?
A) It increases overall output.
B) It results in a transmission of ideas.
C) It promotes self-sufficiency.
D) It results in the transmission of new processes.

Question

Quizplus · Accepted Answer

International trade promotes interdependence and specialization rather than self-sufficiency. Countries trade because they can benefit from each other's comparative advantages in producing goods and services. Trading partners can focus on producing what they do best and import other goods from countries that produce those goods more efficiently. This allows for increased efficiency, lower costs, and greater overall output. The transmission of ideas and new processes are also benefits of international trade.

Which of the Following Is NOT a Benefit of International