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The Benefits of International Trade
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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

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