Question

Which of the following results is NOT a way that trade can benefit all parties involved?
A.
Trade can encourage economic growth for both sides that participate.
B.
Trade can help citizens enjoy higher standards of living.
C.
Trade can provide a greater variety of goods and services for all parties.
D.
Trade can keep countries from specializing in producing certain goods.

Answer 1

Answer:

D

In a trade it's not necessary to specialized only a product.........

Answer 2

D. Trade can keep countries from specializing in producing certain goods.

Explanation:

• Countries trade with one another because they don't have the resources or the ability to fulfill their own wants and needs on their own. Countries may generate surplus by developing and using their limited domestic resources, and exchange this for the commodities they need
• Trade between producers and consumers can happen within an economy. International exchange allows countries to broaden markets for products/services that would not previously have been possible
• Trade improves demand and reduces global costs, which provides advantages to customers by increasing their own income's purchasing power and leading to a growth in market surplus. Trade frequently breaks up local monopolies that face which face competition from more efficient foreign firms.