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Kryger [21]
3 years ago
8

Which statement describes a benefit of international trade

Business
2 answers:
Oliga [24]3 years ago
7 0
Countries gain from exchange when trade enables each country to receive a higher price for exported goods and/or pay a lower price for imported goods. This leads to more efficient resource allocation and allows consumption of a larger variety of goods.
Sergio [31]3 years ago
4 0

Answer:

For PLATO Users, the correct answer is:  

B.

"From then on, aromatic rice exports make up 40% of Chawalia's annual GDP."

Hope this helps! Please crown me Brainliest, don't be afraid!

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How will a new law mandating an increase in required levels of automobile insurance affect the equilibrium price and equilibrium
Degger [83]

Equilibrium price will fall; equilibrium quantity will fall.

What does Equilibrium price mean?

An Equilibrium price, also known as a market-clearing price, is the consumer cost assigned to some product or service such that supply and demand are equal, or close to equal.

The manufacturer or vendor can sell all the units they want to move and the customer can access all the units they want to buy.

What is Equilibrium quantity?

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Supply and demand intersect, meaning the amount of an item that consumers want to buy is equal to the amount being supplied by its producers.

Learn more about Equilibrium price and quantity here:

brainly.com/question/28182532

#SPJ4

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