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How does global trade benefit countries?
  • a)
    It allows countries to focus on their comparative advantages and maximize production and efficiency
  • b)
    It increases international conflict and war
  • c)
    It restricts countries from importing goods and services
  • d)
    It leads to higher costs for consumers in all countries
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
How does global trade benefit countries?a)It allows countries to focus...
Global trade allows countries to focus on their comparative advantages, which leads to specialization, increased production, and efficiency. This maximizes revenue and growth for each country. Additionally, it creates long-term mutually beneficial relationships between countries, promoting cooperation rather than conflict.
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How does global trade benefit countries?a)It allows countries to focus on their comparative advantages and maximize production and efficiencyb)It increases international conflict and warc)It restricts countries from importing goods and servicesd)It leads to higher costs for consumers in all countriesCorrect answer is option 'A'. Can you explain this answer?
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