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