Which of the following is a principle of international trade?
A)Japanese workers are more productive than any other workers in the world.
B)Countries benefit from international trade.
C)Manufacturers must be forced into international trade.
D)Specialization is bad for international trade.
E)Exchange rates are determined by the World Bank.

Question

Quizplus · Accepted Answer

Countries benefit from international trade because it allows them to specialize in the production of goods and services in which they have a comparative advantage, leading to increased efficiency and economic growth.

Which of the Following Is a Principle of International Trade