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The Benefits of International Trade

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Questions and Answers

Which of the following is a benefit for a country of engaging in international trade?

Reduced economic growth

Decreased access to resources

Higher unemployment rates

Increased cultural diversity (correct)

What is ONE advantage of trading with other countries?

Decreased competition

Limited access to new technologies

Access to a wider variety of goods and services (correct)

Lower quality products

How can trading with other countries benefit a country's economy?

Reduced employment opportunities

Higher GDP growth (correct)

Decreased investment opportunities

Increased inflation

The Benefits of International Trade

Choose a study mode

Podcast

Questions and Answers

Which of the following is a benefit for a country of engaging in international trade?

What is ONE advantage of trading with other countries?

How can trading with other countries benefit a country's economy?

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